Canadian Couche-Tard Looking To Buy Japanese 7-Eleven
- Thread starter glamphotographer
- Start date
Don't think it's too late. I got in at the beginning of the year and got out. It wasn't doing anything magic.
Couche Tard makes an average margin of 3.2% Which in this industry is excellent. 7eleven barely makes 2%.
It would take audacity, a lot of work and frankly a near miracle for Couche Tard to make 7eleven improved that margin. But if ever they do it would then be a great deal!
But honestly I don’t think the Japanese will take on the deal.
It would take audacity, a lot of work and frankly a near miracle for Couche Tard to make 7eleven improved that margin. But if ever they do it would then be a great deal!
But honestly I don’t think the Japanese will take on the deal.
Yeah, wish I had that one and Dollarama also. Stocks you can hold for years. Much better than most of the crappy resource stocks.
Yah, I have held a position in Couche Tarde for a while as well.
Bought in as Pandemic was showing first signs of ending, and that was a bit too early as we all recall how that dragggged on.
Parkland is another one that has been good to me - has slowed its growth lately.
But I got in just after they bought a Chevron refinery, and 'missed quarterly estimates' as then integrated it into their operations.
I treat them both as consumer staples rather than consumer discretionary holdings.
Because a big recession could hit and their customer flow would be virtually unchanged IMO.
Bought in as Pandemic was showing first signs of ending, and that was a bit too early as we all recall how that dragggged on.
Parkland is another one that has been good to me - has slowed its growth lately.
But I got in just after they bought a Chevron refinery, and 'missed quarterly estimates' as then integrated it into their operations.
I treat them both as consumer staples rather than consumer discretionary holdings.
Because a big recession could hit and their customer flow would be virtually unchanged IMO.
