Making sense of the markets this week: September 7
And many of those traders/investors in the U.S. moved to the Robinhood trading platform that became famous or infamous. And their “leader” might be David Portnoy of Barstool Sports, who claimed that stocks can only go up. While it appears many are listening to this stock market cheerleader, history shows us that stock markets do not go up in a straight line. Corrections are normal and expected.
Mixed in with these stock market gamblers are long-term retail investors who self-direct, and create their own ETF and stock portfolios. I chat with so many of them through my site and on Seeking Alpha, where I write and have more than 10,000 followers.
Not all stock investors are throwing scrabble tiles on a table looking for the next stock ticker symbol and “investment opportunity.”
Surprise stock of the week: Alimentation Couche-Tard
This is an incredible Canadian success story. You may not know the company by name, but you’ve likely filled up at one of their gas stations. You may have grabbed some snacks as well at their convenience store before you went on your way.
Alimentation Couche-Tard is the second-largest convenience store chain and one of the largest fuel service station operators on the planet. They operate those Circle K locations that you’re likely familiar with and, of course, Couche-Tard in Quebec. They operate under many more names and licensing agreements in North American and around the world.
As of 2019, Couche-Tard operated in 27 countries and territories with plans to grow its footprint in Asia and Australia. From 2004 they have made more than 60 acquisitions and added over 10,000 locations.
Mike Heroux, who runs the Dividend Stocks Rock service, offers that their secret sauce is…
“In two words: disciplined acquisitions. Couche-Tard has proven many times over the past decade that it can pay a fair price for their acquisitions and then integrate convenience store chains in their model and make them more profitable.”