July 18, 2014 Comments

On Friday, the S&P 500 rose 1.0% and Toronto rose 0.4%.

Most of our stock picks rose as well.

Alimentation Couche-Tard is updated and rated (lower) Buy at $29.29. It’s a fantastic company. One of the very best managed large companies in Canada. Also one of Canada’s largest companies by revenue. But at 20 times trailing earnings, it is not cheap. I don’t own it, I sadly sold it a few years ago at only a 100% or so gain and let a potential 300% slip from my grasp. It could rise if it makes another very large acquisition at a good price.

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