Alimentation Couche-Tard

MOSAID TECHNOLOGIES, $39.22, symbol MSD on Toronto, is now the subject of a takeover bid from Wi-LAN Inc. (symbol WIN on Toronto). The offer is for $38 a share in cash for all of Mosaid’s shares. Mosaid mainly licenses patented computer chip and telecommunications technology, including patents for technology used in smartphones and laptops. Mosaid is now trading at $39.22 a share, or 3.2% above Wi-LAN’s bid. This indicates that investors are anticipating a higher or rival offer....
Alimentation Couche-Tard, symbol ATD.B on Toronto, is the largest convenience-store operator in Canada, with over 2,000 outlets. It also has over 3,500 U.S. stores. The Canadian stores operate under the Couche-Tard and Mac’s banners, while the U.S. stores mainly use the Circle K brand. Couche-Tard sells fuel at over 68% of its stores. We analyze Couche-Tard in Stock Pickers Digest, our newsletter that gives you Canadian stock tips for the part of your aggressive investing. In the three months ended April 24, 2011, earnings excluding one-time items rose 19.0%, to $64.0 million, or $0.35 a share. A year earlier, Couche-Tard earned $53.8 million, or $0.30 a share (all figures except share prices in U.S. dollars). The latest earnings beat the consensus estimate of $0.30 a share....
ALIMENTATION COUCHE-TARD $29.73 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couche-tard.com; Shares outstanding: 242.4 million; Market cap: $7.2 billion; Yield: 0.8%) reports that its earnings (excluding one-time items) rose 19.0% in the three months ended April 24, 2011, to $64.0 million, or $0.35 a share. A year earlier, it earned $53.8 million, or $0.30 a share (all figures except share prices in U.S. dollars). Revenue rose 20.9%, to $4.8 billion from $4.0 billion. Same-store sales climbed 3.6% in the U.S., but fell 2.1% in Canada. The company gets 79.3% of its sales from the U.S. Motorists could cut their fuel use in response to sharply higher gasoline prices. That would hurt Couche-Tard’s sales. However, it’s introducing new products with higher profit margins, including new drinks and improved fresh and take-out food....
CHESAPEAKE ENERGY CORP., $32.96, symbol CHK on New York, will invest up to $1 billion over the next ten years in companies that are developing ways to replace gasoline and diesel with cleaner-burning natural gas. Chesapeake is the second-largest natural-gas producer in the U.S., after Exxon Mobil. The company will make these investments through a new fund, Chesapeake NG Ventures Corp. It will start by investing $305 million in two firms: First, it will invest $155 million in Sundrop Fuels Inc. That will give it a 50% interest in the company. Sundrop plans to build a plant that makes transportation fuel from plant fibre and agricultural waste. This plant, which is scheduled to start up in 2013, will be able to produce 40 million gallons of fuel a year....
EUROPEAN GOLDFIELDS, $13.65, symbol EGU on Toronto, jumped 36.5% this week. That’s because Greece’s Ministry of Environment, Energy and Climate Change said it will grant the company a permit to build new mines on two of its mineral deposits in Greece: The Olympias mine could start up later this year, followed by a new mine at Skouries in 2012. The two mines should boost the company’s gold output from 70,000 ounces per year to over 420,000 ounces. European Goldfields has faced delays in getting the appropriate permits. It submitted an environmental-impact study last year, but the Greek government delayed approval of the study. That was partly due to local opposition, but also to make sure the project would not pollute groundwater deposits in the area....
ALIMENTATION COUCHE-TARD $26.69 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couchetard.com; Shares outstanding: 242.4 million; Market cap: $6.4 billion; Yield: 0.8%) is the largest convenience-store operator in Canada, with over 2,000 outlets. It also has over 3,500 U.S. stores. The Canadian stores operate under the Couche-Tard and Mac’s banners, while the U.S. stores mainly use the Circle K brand. Couche-Tard sells fuel at over 68% of its stores. In the three months ended January 31, 2011, Couche-Tard’s earnings per share jumped 31%, to $0.38 from $0.29 a year earlier. (All figures except share price and market cap in U.S. dollars.) Sales rose 13.7%, to $5.6 billion from $4.9 billion. Same-store merchandise sales rose 3.9% in the U.S., and 0.4% in Canada. The company gets 77.9% of its sales from the U.S....
ALIMENTATION COUCHE-TARD $25.89 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couche-tard.com; Shares outstanding: 183.6 million; Market cap: $4.8 billion; Dividend yield: 0.8%) reports that its earnings per share rose 31.0% in the three months ended January 30, 2011, to $0.38 from $0.29. Revenue rose 13.7%, to $5.6 billion from $4.9 billion. Same-store merchandise sales climbed 3.9% in the U.S., and 0.4% in Canada. U.S. sales make up 77.9% of total sales. The stock trades at 12.6 times the $2.05 a share that the company will likely earn in 2011....
Alimentation Couche-Tard, symbol ATD.B on Toronto, is the largest convenience store operator in Canada, with over 2,000 outlets. It also has over 3,500 U.S. stores. The Canadian stores operate under the Couche-Tard and Mac’s banners, while the U.S. stores mainly use the Circle K brand. The fuel pumps at most of the Canadian stock’s stores provide 68.0% of the company’s sales. In the three months ended January 30, 2011, Couche-Tard’s earnings rose 29.6%, to $71.0 million, or $0.38 a share, from $54.8 million, or $0.29 a share, a year earlier (all figures except share prices in U.S. dollars). The latest earnings beat the consensus earnings forecast of $0.37 a share. The Canadian stock’s revenue rose 13.7%, to $5.6 billion from $4.9 billion. Same-store merchandise sales climbed 3.9% in the U.S., and 0.4% in Canada. U.S. sales make up 77.9% of total sales. Revenue from gasoline and diesel fuel rose 18.5%, mainly due to rising prices. The company also installed fuel pumps at more of its outlets....
ALIMENTATION COUCHE-TARD, $25.54, symbol ATD.B on Toronto, is the largest convenience store operator in Canada, with over 2,000 outlets. It also has over 3,500 U.S. stores. The Canadian stores operate under the Couche-Tard and Mac’s banners, while the U.S. stores mainly use the Circle K brand. The fuel pumps at most stores provide 68% of the company’s sales. In the three months ended January 30, 2011, Couche-Tard’s earnings rose 29.6%, to $71.0 million, or $0.38 a share, from $54.8 million, or $0.29 a share, a year earlier (all figures except share prices in U.S. dollars). The latest earnings beat the consensus estimate of $0.37 a share. Revenue rose 13.7%, to $5.6 billion from $4.9 billion. Same-store merchandise sales climbed 3.9% in the U.S., and 0.4% in Canada. U.S. sales make up 77.9% of total sales....
ALIMENTATION COUCHE-TARD $30.76 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couche-tard.com; Shares outstanding: 242.4 million; Market cap: $7.5 billion; Dividend yield: 1.0%) is the largest convenience-store operator in Canada, with over 2,000 outlets. It also has over 3,900 U.S. stores. The Canadian stores operate under the Couche-Tard and Mac’s banners, while the U.S. stores mainly use the Circle K brand. Couche-Tard sells fuel at over 68% of its stores.

In the quarter ended October 9, 2011, Couche-Tard’s earnings per share rose 6.9%, to $0.62 from $0.58 a year earlier (all figures except share price and market cap in U.S. dollars).

Sales rose 24.1%, to $5.2 billion from $4.1 billion. The gains came from higher fuel prices, the stronger Canadian dollar and higher merchandise sales. The company gets 30% of its sales by selling merchandise.

...