The report for Alimentation Couche-Tard is updated and rated (higher) Buy at $62.20.
The fact that this is (inexplicably) now Canada’s largest company by revenue does not seem to have gotten much attention.
It now only derives about 13% of its revenue from Canada.
The shares only officially trade in Toronto and it is therefore probably almost entirely owned by Canadians. The great majority of its assets are outside of Canada. This company represents a large (over $1.5 billion per year now) flow of profits from outside of Canada (about two thirds of profits are from the U.S.) flowing into Canadian hands. I wonder what Trump would think of this.