Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (173) |
Author: mungofitch ✹✺ SILVER
SHREWD
  😊 😞

Number: of 86278 
Subject: Re: OT, out
Date: 05/21/25 4:09 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 10
(c) To further bolster point (a) above: I opened up a pretty big new position in a non-US stock on April 3, just before a certain US announcement that had some adverse economic ripples. Oops.
...
Hi Jim,
would you be willing to share the new non-US stock with us?


Sorry, I don't hang out on this board much, just saw your message.

That day I was a buyer of ATD.TO, Alimentation Couche-Tard. (French for "night owl foods", roughly, as they are based in Quebec). They are the owners of various convenience store chains, including several linked with gas stations, in a number of countries. Canada, US, Japan, Scandinavia. A lot of people know them best as the owners of Circle-K.

They have been trying to buy 7-Eleven Japan, and the drama of the takeover fight has hurt their share price, which is somewhat more attractive than their historical (high) norm. Historically, this has been an amazing business that is never cheap. Trend earnings per share about 4 times what they were a decade ago, which is a little under 15%/year growth rate.

This is one of the things that I have bought recently that is doing badly so far. It may or may not be a good investment, I have been known to make mistakes (ha!), but it's a 7.4% better buy now than when I bought : ) ATD.TO, currently at C$68.77. All time high is about $87, early last year. I think an ADR trades in the US as ANCTF. The volume is tiny, but the bid/ask is also tiny because of arbitrageurs so that's not an issue.

I plan to double my position on the next dip. Or maybe not wait, I haven't decided.

Jim
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to mungofitch here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 356 posts about Living Abroad. The article-length ones it recommended most:
Welcome! · 12 recs · 2024
USA to Portugal (Sabbatical) · 8 recs · 2024
Unthreaded | Threaded | Whole Thread (173) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community