Alimentation Couche-Tard Inc T.ATD

Alternate Symbol(s): ANCTF

Consumer Defensive Grocery Stores

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

Alimentation Couche-Tard Inc

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Post by Possibleidiot01on Apr 05, 2024 2:57am

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Post# 35971965

Jason del Vicario post a month ago

I’m pleased to present another rare Canadian compounding legend and the 6th largest holding of HillsideCo: Alimentation Couche Tard (ATD).

ATD is 6% of our equity weight and has been held since inception (Sept 2014).

ATD began in 1980 when Alain Bouchard opened his first convenience store in Laval, Qubec. He acquired 11 stores in 1985 carrying the Couche-Tard (“sleep late” for us Anglos) banner. Outside of Qubec they are known as Circle K (formerly Mac’s in B.C.).

Through intense focus on operations, strong leadership/culture and a keen desire to allocate capital efficiently, ATD has grown into a 14,000+ conevenience store global juggernaut that shows no signs of slowing.

Patient investors have been rewarded handsomely as the stock has compounded at 20%+ for 4 decades.

$1 compounding at 10% for 40 years becomes $45‍.
$1 compounding at 20% for 40 years swells to $1469.

We originally bought Sept 2014 at $17 and added early 2021 ($37) when the stock was temporarily out of favour during the failed Carrefour takeover. Current price: $85.

We look forward to partnering with ATD for many years to come.

For you finance geeks, pull up a 20-30 year profile of ATD’s ROE. It’s a thing of beauty.

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