Topic: How To Invest

Stock Pickers Digest Hotline – Friday, August 19, 2016

Article Excerpt

ALIMENTATION COUCHE-TARD INC., $62.15, symbol ATD.B on Toronto, operates 10,547 convenience stores throughout North America and Europe. Couche-Tard shares are up over 3% since last week on reports the company is close to buying CST Brands (symbol CST on New York). That chain of gas stations and convenience stores has a current market value of $3.6 billion U.S. Couche-Tard is bidding against some big competition, including industry giant 7-Eleven, so the deal is not yet a certainty. Most of CST’s 1,900 outlets operate under the Corner Store banner. Those locations are spread across the southwestern U.S. as well as New York and Eastern Canada. In May 2013, Valero Energy set up CST as a separate company and handed out shares to its shareholders. In 2015, CST reported revenue of $11.4 billion U.S. To put that in perspective, Couche-Tard had revenue of $7.4 billion in the three months ended April 24, 2016. The company’s latest acquisitions are paying off. That includes its March 2015 purchase…