Alimentation Couche-Tard: I Am Staying Bullish As Underlying Fundamentals Remain Sound

I upgraded Alimentation Couche-Tard Inc. ( ATD:CA ) to a buy rating previously, as I thought the setup looked much better than in Q1 2026, with better merchandise growth, stable fuel margins, and also the restart ofI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, reinv ...