Alimentation Couche-Tard Inc.
ATD.B
position
long
Thesis
The c-store consolidation story resembles that of drugstores in the 90s, where chains began to dominate over smaller stores. Alimentation Couche-Tard currently has a market share similar to CVS in 1995, and given CVS's growth to a 20% market share with an 18% CAGR since then, there is a strong rationale to believe ATD can achieve similar success.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame for the thesis, it's difficult to assess whether the investment thesis has played out. The comparison to CVS's growth is compelling, but without evidence of market movements or developments in Alimentation Couche-Tard's business, the outcome remains uncertain.
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