Alimentation Couche-Tard: French For World Class Compounder?

  • Alimentation Couche-Tard has delivered a remarkable 36% CAGR since its 2001 IPO, making it a Canadian compounding success story. Despite its long-term outperformance, the stock price has remained flat over the past three years, raising questions about future growth. The Seven & i acquisition risks are overblown and will unlikely realize the projected debt.