RE:ATD's performanceWell, here's something else to think about. Do you seriously think in 10 years time that it will take anywhere near as long to charge an electric car battery? It's easy to imagine supercharging stations that are out of the price range of the average person, that can charge a battery in minutes not hours - this would be why gas (electric) stations still have a future. On top of that did you realise that in countries like UK, millions of homes don't even have a garage and cars are parked on the street. Where do you think they are going to charge their vehicles? Let's not write the company off just yet, eh?
Bookends wrote: Personally, I'm asthonished to see how well this one has been performing while the Oil and Gas sectors have been completely demolished.
Why do investors of Couche-Tard ignore the obvious electrification trend and the impact on their revenue? I mean, the pumps are probably what drive 50% with bolt on purchases.
I can't see how people can still be pricing in such growth here when the long term trend will obviously be under pressure as customers who would pass by the pump stop passing by.
Definitely something to think about.