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Top Picks 2016: Alimentation Couche-Tard
01/13/2016 7:00 am EST
This stock is a marvel—it just keeps going and going and going, thanks to some brilliant acquisitions by a first-rate management team—explains Gordon Pape, editor of Internet Wealth Builder.
From a small Quebec-based convenience store chain, Alimentation Couche-Tard (TSX: ATD.B) has grown into an international retail powerhouse.
The company has a strong presence in the United States and Europe, as well as in its home country of Canada.
It operates convenience store and road transportation fuel retailing chains through brands, including Circle K, Statoil, Kangaroo Express, Couche-Tard, and Mac's.
Alimentation Couche-Tard’s network consists of approximately 8,006 convenience stores across North America.
The Toronto-listed shares started the year at C$48.69 and finished on December 31 at C$60.91 for a gain of 25% in 2015. I expect it to do at least as well in the next 12 months.
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