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Alimentation Couche-Tard Inc T.ATD

Alternate Symbol(s):  ANCTF

Alimentation Couche-Tard Inc. is engaged in convenience and mobility, operating in about 29 countries and territories, with more than 16,700 stores, of which almost 13,100 offer road transportation fuel. With its Couche-Tard and Circle K banners, the Company is an independent convenience store operator in the United States, and it is engaged in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, as well as in Ireland. It also has a presence in Poland, Hong Kong Special Administrative Region of the People's Republic of China, Belgium, Germany, Luxembourg, and the Netherlands. Its North American network consists of about 17 business units, including 14 in the United States covering 47 states and three in Canada covering all 10 provinces. In Europe, it operates a broad retail network across Scandinavia, Ireland, Poland, and the Baltics through seven business units. Its operating brands include Circle K, Couche-Tard, and Ingo.


TSX:ATD - Post by User

Post by Grugaron Oct 04, 2021 9:28am
418 Views
Post# 33960168

Cheap cheap cheap

Cheap cheap cheap

19 Top TSX Stock Picks for October 2021 (yahoo.com)

We asked our Foolish writers for their top ideas for October. Here are their picks.

Chris MacDonald: Couche-Tard

My top stock for October is Alimentation Couche-Tard (TSX:ATD.B). This Canadian large-cap stock has been a long-term growth champion in the global convenience store and gas station space.

The company’s growth prospects remain robust, with more consolidation likely in this fragmented space. However, a lack of deal flow of late has some investors worried.

That said, I think the company’s current valuation of only 15 times earnings is too cheap to ignore, given the company’s cash flow and earnings-per-share growth rate. Accordingly, this could be the best fundamentally sound stock in Canada and one of the most undervalued TSX stocks out there currently.

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