TSX:ATD - Post Discussion
Post by
retiredcf on Sep 27, 2023 6:27am
Panic-Proof Portfolio
TOP PICK
Alimentation Couche-Tard(ATD-T)
21/09/2023
Stockchase Research Editor: Michael O'Reilly
We reiterate ATD, operator of over 14,000 convenience stores in 25 countries, as a TOP PICK. It supports a ROE of 24% and trades at 18x earnings. Quarterly cash reserves are growing, while stock is bought back and debt is retired. We recommend trailing up the stop (from $63) to $67, looking to achieve $82 -- upside potential of 16%. Yield 0.5%
(Analysts’ price target is $82.00)
Food Stores
$70.510
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