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.
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
3M COMPANY, $196.12, New York symbol MMM, makes over 60,000 consumer and industrial goods, including Post-It notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard fabric protection and Thinsulate insulation.
The company reported higher results for the first quarter of 2018. However, it has cut its full-year forecast… Read More
This U.S. industrial firm will soon complete its 13th acquisition since 2010.
The company’s strategy of buying smaller firms whose technologies and clientele complement its existing business reduces the risk of acquisition. And the additional cash flow helps sustain a dividend that has risen in each… Read More
This Canadian brewery has pursued a growth strategy that has given it strong market share in both the United States and Europe.
Eighteen months ago, the company strengthened its position by acquiring 100% of MillerCoors from its European partner. Sales and earnings are growing and the… Read More
We have lots of attractive long-term buys among the stocks we cover, and we’re positive about the long-term outlook for stocks. We feel just as strongly about the need to diversify.
That’s why we’ve chosen three top picks for 2018 from our Stock Pickers Digest recommendations… Read More
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Changes to this Policy
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