July 16, 2012 Comments

The Dow was down 0.4% today (Monday) while Toronto was very slightly up.

A small portion of my Wells Fargo shares sold today based on an order I had placed about a month ago to sell a few shares at $34.00.

Alimentation Couche-Tard released earnings last week. At a quick look the stock seems expensive now. If I still held I would sell. I would worry how the stock price will react after the next earnings release when, for the first time, it will be showing all the debt it has taken on to acquire Stat Oil retail stores. Long-term it should continue to do very well as a company, but the share price seems too rich at this time. Or at least the evidence is not clearly there yet to support this stock price.