Alimentation Couche-Tard Inc T.ATD

Analyst Recommendation

[retiredcf]

BUY ON WEAKNESS

Alimentation Couche-Tard(ATD-T)

13/12/2023

 

Wonderful business. Very well run, global. Excellent job with the difficult task of making convenience stores profitable. Valuation of 17x is above his buy price. Long growth runway. Add on pullback.

Food Stores

Chris Blumas

$77.200

Owned

[longkk]

Not sure what's the reason for today's 4% drop in the share price. Anyone know??

[BearBullBrian]

Investors who were playing defence have gone on offence. Couche tard almost always suffers a bit when risk is off. This is one of the best stocks in our portfolio, but it is one of only a few red numbers this morning. These moments provide good buying opportunities for other investors with a more long term view. BBB

[longkk]

In my opinion, it appears improbable that this decline is connected to a risk-off scenario; there seems to be another factor causing the 5% drop. Your statement " Couche tard almost always suffers a bit when risk is off." seems contradictory because "risk is off" typically signifies a move towards defensive stocks.

[retiredcf]

As can be seen, the entire sector was hit (also took down the likes of DOL despite it having released solid results and receiving multiple raised targets). GLTA Only two sectors lagged in Toronto, including consumer staples which plunged 3%, while financials, utilities, energy, materials and real estates made convincing gains. Royal and TD banks were the most active names and