Q: I have a half decent position in Alimentation Couche-Tard...Never enough when a stock is gaining and acting well...
- I have wanted to add to my position for a while, but have not pulled the trigger yet, And I Missed buying before the recent run up...
- Do you think buying more shares at this point makes sense or would you wait for a pullback...
- Valuation wise do you see as good entry point to add or hold
Thanks
- I have wanted to add to my position for a while, but have not pulled the trigger yet, And I Missed buying before the recent run up...
- Do you think buying more shares at this point makes sense or would you wait for a pullback...
- Valuation wise do you see as good entry point to add or hold
Thanks
5i Research Answer:
We still like ATD a lot and would be comfortable owning it today. That being said, IF the market does start to pivot and act better then some 'growthier' stocks might do better than 'slow and steady' stocks such as ATD. So we think it becomes a question of what else is owned. If a portfolio is well-balanced and has exposure to some higher growth names already, we would be fine adding to ATD.