Alimentation Couche-Tard Update September 13, 2015

The report for Alimentation Couche-Tard is updated and rated Weak Buy / Hold at $60.12.

As mentioned previously, this is one of Canada’s very best managed companies. Since it was added to our list on March 31, 2005 rated (lower) Strong Buy at a split-adjusted $5.80 it has risen 937% or a compounded average of 25% per year. It went public as a very small company in 1986 at a split-adjusted price of 9.375 cents per share and the stock price has increased by a compounded average of 24% annually¬†for 30 years¬† for a total gain of 640 times or 64,000%!

It now appears to be about fully valued although it would continue to be a strong investment if it can continue to grow rapidly. The stock price certainly did not increase in a straight line over the years and it is possible that there will be opportunities to purchase it at a better value in future.