What is a growth strategy? A growth strategy is a plan a company uses to grow larger-and one of the most common strategies is growth by acquisition. For example, Alimentation Couche-Tard (symbol ATD.B on Toronto) has grown rapidly-and successfully-by acquisition. Couche-Tard is a recommendation of our Stock Pickers Digest newsletter. Couche-Tard operates 8,006 convenience stores throughout North America and 2,217 in Europe, including Scandinavia (Norway, Sweden and Denmark), Poland, the Baltic States (Estonia, Latvia and Lithuania) and Russia. As part of its growth strategy the company recently bought Ireland's Topaz chain. The price was not disclosed but was likely in the $400-million range. Topaz is the country's leading operator of gas stations and convenience stores. This purchase was smaller than Couche-Tard's $2.7-billion purchase of Norway's Statoil Fuel & Retail gas station chain in June 2012 and The Pantry, which it bought for $1.7 billion in March 2015. The Pantry operates 1,500 convenience stores in the U.S. However, acquisitions of all sizes are a key part of Couche-Tard's growth strategy. Expanding using a growth by acquisition strategy in this way adds risk, but the company does a good job of integrating the businesses it buys. At TSI Network, we buying companies with smart growth strategies-and we also recommend using our three-part Successful Investor philosophy:
Discover how most investors who successfully build wealth over the long term follow certain investing practices. Find out what they are in our FREE investing guide, The 10 Best Practices of Successful Investors.
GAMESTOP CORP., $9.32, symbol GME on New York, is a specialty retailer that sells new and used video games and video game consoles through its 5,800 GameStop, EB Games, and Micromania brick-and-mortar stores in 14 countries. As well, it sells games online through www.Gamestop.com.
In March… Read More
TRINITY INDUSTRIES INC., $21.73, symbol TRN on New York, makes tank and freight railcars for the railroad industry. It also produces metal guardrails for highways and large-volume roadways. In addition, it has a leasing group with a fleet of more than 122,000 railcars.
In December 2017,… Read More
We have lots of attractive long-term buys among the stocks we cover, and overall we’re positive about the long-term outlook for stocks, in general. We feel just as strongly about the need to diversify.
That’s why we’ve chosen three top picks for 2019 from our Stock Pickers… Read More
Food is the single-largest expense item for many households worldwide. This spending is also expected to grow as the global population expands and becomes wealthier. However, food producers can be subject to volatile food prices and need to be nimble to capture opportunities as consumer… Read More
A stock that’s almost as old as the Internet itself, this routing and switching pioneer is moving into faster-growing fields.
As demand for its traditional business slows, the company is moving into accelerating fields like security and conferencing software with a growth strategy that includes key… Read More
This tech stock plays an expanding role on the machine-to-machine network known as the Internet of Things.
The company makes key digital components that connect products. Two 2017 acquisitions made significant additions to its products and software. As well, the company remains competitive by spending a.. Read More
GENERAL ELECTRIC CO., $13.61, New York symbol GE, announced its new strategic plan this week.
Under the plan, GE will focus on three main businesses: electrical power equipment (such as turbines and related equipment for gas-fired and nuclear power plants); renewable power equipment for wind farms… Read More
AT&T has now completed its $103 billion takeover of Time Warner. Big acquisitions like this add considerable risk. However, Time Warner’s extensive library of movies and TV shows should help the company compete with online video providers like Netflix and YouTube.
The stock dropped after AT&T… Read More
DANAHER CORP., $100.20, symbol DHR on New York, makes precision testing equipment and tools. Its major customers include medical research labs, dentists and municipal water utilities. Its brands include Beckman Coulter, ChemTreat, Pantone, and Kavo Kerr.
In April 2018, Danaher approached General Electric Co. (symbol GE… Read More
PINNACLE FOODS INC., $61.19, symbol PF on New York, is a food company whose brands include Duncan Hines, Vlasic, Wish-Bone, Birds Eye and Aunt Jemima.
On April 22, hedge fund Jana Partners—an activist investor—announced it had acquired a 9.1% stake in the company. Jana believes Pinnacle… Read More
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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