Alimentation Couche-Tard is updated and rated Buy at $49.85
It has a fantastic history and trades at an attractive price. There are some concerns regarding the eventual impact of electric vehicles and there is also a concern that profits could dip temporarily if and when the currently very high profit margins on gasoline fall back down to more normal levels. But overall, this company seems like a long-term keeper.
This company and its management are a fantastic success story. Just since I added it to this site on March 31, 2005 rated (lower) Strong Buy at a split-adjusted $2.90 it is up 1619%.
Alain Bouchard founded this company in 1980 and his shares are now worth $6.1 billion. An original partner and co-founder in 1980 has shares worth $3 billion. He brought in two more partners in 1984 who are also considered founders and their shares are now worth over $1 billion each. This is truly remarkable. Not to mention the fact that with vast international expansion this has become one of Canada’s largest companies by revenue. (And not so far down the list by profit either).