TSX:ATD - Post Discussion
Post by
retiredcf on Jul 01, 2023 7:23am
Weekly Stars & Dogs
Alimentation Couche-Tard (STAR) ALIMENTATION COUCHE-TARD INC.
$67.97+4.49 (7.07%)
PAST FIVE DAYS
The highlight of the Canada Day long weekend for me? Stopping at Circle K for a 1.2-litre Polar Pop on our way up north. I can usually hold it in until we get there, but sometimes I have to pee in the bushes. Speaking of holding, it’s been a great strategy for shareholders of Alimentation Couche-Tard, Circle K’s parent. The shares leaped to a record high after the company – which operates more than 14,000 convenience stores in 24 countries under the Circle K, Couche-Tard and Ingo banners – posted quarterly earnings well above expectations, helped by strong merchandise and fuel margins. With the stock gaining about 140 per cent in the past five years, and analysts hiking their price targets this week, holding this baby never gets old.
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