August 14, 2013 Comments

The S&P 500 fell 0.5% on Wednesday and Toronto was about unchanged.

Couche-Tard was down 2.9% to $58.48 and is worth considering.

I expect to have an update for Liquor Stores N.A. and Melcor by about Sunday.

I am off for a family trip early tomorrow to Moncton where I have been many times to visit relatives and then later on to my homeland in the Sydney area of Cape Breton where my family has operated a successful and well maintained Motel business for almost 50 years now. These days I don’t think anyone would be wise to open a single location independent Motel or Hotel but my family’s property has managed to fend off the challenge of the bigger chains for decades now. If you are thinking you would like to own your own small business, you might like my article that compares owning a business to owning shares through the stock market. Both are investing but there are a lot of differences too. (A publicly-traded company you own shares in won’t give you a job just because you own shares, but neither will it call you about a plugged toilet).


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