A great way to profit from China

In 1987, Yum! Brands became the first U.S. fast-food company to enter China. By 2015, that market was supplying half of its overall sales and a third of its earnings.

In November 2016, the company spun off those Chinese operations as Yum China. Now an… Read More

Dear Pat: I have been a subscriber for almost 20 years and have done well on your recommendations, but I missed out on Alimentation Couche-Tard. I never bought it because I thought its business model was too close to that of Loewen Group, in that it relies heavily on acquisitions. Loewen Group was one of my largest losses. Why do you think Alimentation Couche-Tard will not suffer the same fate as Loewen Group?

In June 1999, the Loewen Group, North America’s second-largest funeral company, filed for bankruptcy protection in the U.S. and Canada. At the time, it operated 1,116 funeral homes and 429 cemeteries in North America and 32 funeral homes in the U.K.
Loewen Group grew rapidly by… Read More