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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Was wondering what you thought of Couche-Tard? Seems to be in the doldrums right now and a pretty high valuation - with Metro taking over Jean Coutu and owning 5.7% of ATD.B - they might sell this position to take on less debt for the acquisition - their sales per store in the US wasn't that great either - would you hold, sell or buy more on this dip?
Read Answer Asked by Karen on October 05, 2017
Q: Hi, I have been watching/reading the dialogue with other ATD.B holders today. I know you don't possess a Crystal Ball but, do you think this situation will likely present an opportunity to purchase more shares at say at $54-$55? Much depends on the market mood and thus may disregard the quality of ATD and over sell.

ThankYou
Read Answer Asked by Stephen on October 02, 2017
Q: Hello 5i,
David Burman in the G&M today suggests selling Couche-Tard if Metro sells its shares in it. With the potential Metro/Jean Coutu merger, what if any action, and when, should investors take with their Couche-Tard holdings? For context, I own Couche-Tard, Loblaw and Northwest Company in consumer staples.
Thank you, Michael
Read Answer Asked by Michael on September 29, 2017
Q: Good morning,
Bearish article on Couche Tard in the Globd this morning. Berman cites Metro would dump its significant stake in ATD in order to find the Jean Coutu acquisition. Je suggests exiting the stock. I just I Have held couche tard for the better part of 18 months and stock only drifting lower.
Please comment. Is couche tard still viewed as a high conviction stock by 5i?
Thank you
Karim
Read Answer Asked by Karim on September 29, 2017
Q: In March 2017 Metro had 32,227,000 Class A Multiple Voting Alimentation Couche-Tard Inc. ("Couche-Tard"), representing approximately 21.81% of the issued and outstanding Class A Multiple Voting Shares of Couche-Tard.
Do you think ATD.B went down today as some concern that Metro sells some of their shares to finance the merger with PJC.A?
Read Answer Asked by Terry on September 28, 2017
Q: Each of the above stocks I have owned for a number of years and am enjoying a good profit. However, in the past year they have just drifted and are simply no longer growth stocks. I am considering selling all or parts of these positions. Could you rank order them for me in terms of what would you sell first and what % of the position. I understand you might also suggest not to sell any of them and in fact add to them. This type of reassurance would be welcome as clearly I have lost conviction in these names. There is no rush here and I don't need to raise capital for other purchases.
Read Answer Asked by Chris on September 20, 2017
Q: Hello Peter,
With the increase in interest rates, i was expecting Sunlife and Manulife to go higher but they have dropped. Any comments? I want to increase my weighting to 5 percent for Enbridge and Alimentation Couch Tard but both stocks are not responding well eventhough Alimentation had good results. Would 5 percent be too much? Also, if you had a choice between fairfax africa and india, which one would you prefer and finally, I was thinking of Jean Coutu for a 5 year hold. Can you see it doubling in 5 years? Lastly, all the stocks that the shorts went after have not really recovered (CXR, HCG, CRH, etc). What does this say about the analysis that was done by various managers including ones on BNN? I am not blaming anyone but it is discouraging that the shorts were right. Thank you
Read Answer Asked by umedali on September 08, 2017
Q: Many guests on BNN like ATD.B & some consider it cheap(I guess it is cheap for a reason)Partially growth by acquistions,& made so many & a very one in CFT recently.Can it continue along this path?No longer a market darling as it has underperformed TSX the last year(- 10% vs + 3% TSX).Technically weak as it is below 20d,50d & 200d MA.It traded in a range of $65 to $59/58.Amazon is having a very negative effect on Can.grocery chains like L & MRU & lately EMP.A,& may have spilled over to ATD.B.It missed 2,matched 1 & beat 1 of the last 4Qs.It is reporting on Sep 6,please advise expected eps & revenue.Is it time to enter in this climate?Thanks for u usual great services & Views
Read Answer Asked by Peter on September 05, 2017
Q: Hi Guys, I'm looking to add several large cap stocks to my portfolio. Can you please name 5 which represent a good buy at this time.

Thanks

Dave
Read Answer Asked by David on August 31, 2017
Q: I am reviewing my holdings in Consumer non-cyclicals for my RRSP (balanced approach with 15+ years to convert to RRIF). I am underweight in this sector (4%) divided between CCL.B and FSV which you agreed in a previous Q&A that they can be considered c. non-cyclicals.

I’d like to increase to about 8-10% total by boosting one of the two holdings I already have (which one between CCL.B and FSV would be best at this time?) and/or acquiring one or two additional stocks. Here I think it would be wise to buy more typical c. non-cyclicals like ATD.B + PBH or perhaps simply just XST to get exposure to a basket of food-related stocks at once (primarly ATD.B, L, MRU, SAP). Your observations will be appreciated as always.
Read Answer Asked by Christian on August 30, 2017
Q: I have room for one of CCL.B, BYD.UN or ATD.B. Which has better growth prospects?
Read Answer Asked by Andrew on August 25, 2017
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