This retailer’s smart moves will pay off for you

Article Excerpt

Alimentation Couche-Tard has rewarded our subscribers with big gains over the years. We first recommended it in our December 2008 issue at $15.50. Since then, the stock has split 3-for-1 and 2-for-1. That takes our cost down to $2.58 a share—which gives you a scintillating 1,363.6% gain! The stock has dropped recently from the all-time high of $46.10 it hit in February of 2020. The shares fell along with the market in general. But investors are also worried that Couche-Tard, as well as other convenience stores, is losing business with so much of the population now working from home, abandoning travel plans, and parking their cars. Still, the rapid drop in crude oil prices is boosting profit margins on the gasoline the company sells at its convenience stores. As well, Couche-Tard’s “Food at Scale” rollout has begun. The company is adding this expanded fresh food program to about 12 stores a week, with plans to accelerate that pace to reach 1,500 stores by fall…

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