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.