Alimentation Couche-Tard (ATD) is one of the best performing Canadian equities for over 30 years. Ernest and Barry discuss the pros, cons and the reasons why we finally purchased this investment for clients. We also talk about Apple’s recent woes and reasons to stay optimistic.
0:00: Introduction
1:48: Golf and Cialdini
2:42: Our take on the the DOJ suit against Apple
11:42: The Apple Bull and Bear thesis 17:50: Feature discussion on Alimentation Couche-Tard (ATD)
19:40: The beauty of convenience stores
22:22: ATD’s Consolidation story
23:57: ATD’s secret sauce to improving sales per square foot
27:22: The power of ATD’s compounding
28:43: lack of volatility in gasoline pricing hurting recent results
30:50: why fuel margins could stay higher for longer
34:15: Electric vehicles are risks and rewards
41:22: Potential risks to the ATD story
42:50: Insider alignment, valuation and potential U.S. listing?
Long Term Investing Podcast can also be found on Spotify & Apple.
