U.S. markets were down over 1% at times today but ultimately closed down only slightly.
The outcome of this fiscal cliff episode remains quite uncertain. I perhaps should have sold some stocks today to reduce my risk. But I decided to just let things ride. If stocks decline I will be looking to buy.
Alimentation Couche-Tard is updated and rated Buy at $48.19. This Canadian headquartered company operates mostly gas stations with convenience stores. Major banners include Couche-Tard, Macs and Circle-k and the recently purchased Sat Oil operations in Europe. It’s a surprisingly large and profitable operation. It is extremely well managed. The stock is up 52% in 2012. We had rated it (lower) Strong Buy at the start of 2012.