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Search resuls for: "Alimentation"


12 mentions found


☆ Here are the top picks from rising hedge fund stars at Sohn, including one that could nearly double
  + stars: | 2024-04-03 | by ( Pia Singh Sarah Min | Pia Singh | Sarah Min | ) www.cnbc.com   time to read: +5 min
Hedge fund managers gathered Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. It kicked off with "Next Wave Sohn," a session that features ideas from rising stars within the hedge fund industry. Endocrinology is an $8 billion market, but the cumulative market size, including the company's future therapy targets, is upward of $200 billion, which includes estimates for future obesity drugs, the investor said. It has CA$75 billion market cap with an "unbelievable record of success," according to the investor. The short seller noted that the company has a $5 billion market cap with about $4.8 billion of debt.
Persons: Sohn, Eric Wolff, Wolff, Michelle Ross, Cushing, Ross, Eli Lilly, Crinetics, XBI, Nikhil Daftary, Alimentation, Daftary, Chris Drose, Nate Koppikar, Fahmi Quadir Organizations: Investment, Gumshoe Capital Management Investment, Pason Systems Energy, Pason Systems, Gumshoe Capital Management, StemPoint, Pharmaceuticals, Crinetics Pharmaceuticals, StemPoint Capital, Endocrinology, Novo Nordisk, P Biotech, NK Capital Investment, NK Capital, Starbucks, McDonalds, Bleecker Street Capital, Orso Partners, Justice Department, Federal Trade Commission, Safkhet, Global Education Locations: New York, Canada, U.S
☆ RBC just raised its bet on this 'recession resistant' Canadian stock, giving it 20% upside
  + stars: | 2023-09-06 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
RBC has raised its bets on convenience store operator Alimentation Couche-Tard , doubling the weighting of the stock in its "Focus List: Fall 2023" bucket to 5%. The company, along with 26 other stocks, were also on RBC's "Summer 2023" list. Although the bank's stock list has underperformed over the past six months, it has historically and consistently beaten its benchmark S & P/TSX Index . The RBC Strategy Canadian Focus List returned 11.3% in compounded annual growth over the past five years. ATD-CA 5Y mountain Waste Connections RBC also doubled its weighting of U.S.-firm Waste Connections to 5% in its "Focus List: Fall 2023" bucket.
Persons: Irene Nattel, that's Organizations: RBC, RBC Strategy, Canadian, Capital Markets, TSX, Consumer Staples Locations: ATD
☆ ValueAct loses its temper in 7-Eleven
  + stars: | 2023-05-10 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com   time to read: +4 min
HONG KONG, May 10 (Reuters Breakingviews) - ValueAct Capital’s chief Mason Morfit prefers to chide undervalued conglomerates behind closed doors. In its latest 151-page presentation, ValueAct took its case directly to shareholders, the second time it has seen fit to do so in its history. That highlights the U.S. fund’s frustration from its two-year long campaign calling for Seven & i to spin off its 7-Eleven convenience stores, among other things. That implies a standalone 7-Eleven could be worth 10 trillion yen, roughly a quarter more than its parent today. He may have a point, and in truth ValueAct has far more experience turning around technology companies than food retailers.
☆ Engine Capital urges Parkland to consider sale, spinoff of non-core assets
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +1 min
March 22 (Reuters) - Activist investor Engine Capital on Wednesday urged fuel marketer Parkland Corp (PKI.TO) to look at strategic alternatives including the sale or spinoff of non-core assets to become a more focused fuel and convenience retailer. Parkland has accumulated a range of assets that are not typically owned by pure-play fuel and convenience operators, said Engine Capital. Engine added it was "particularly troubled by Parkland's staggering underperformance" compared with Canadian convenience retailer Alimentation Couche-Tard (ATD.TO). "The letter has been circulated by management to the board of the company for its review and consideration," Parkland said in an e-mailed statement. Engine also urged the company to improve its compensation framework to better align management's incentives with shareholder interests.
☆ Big Oil Prepares for Upheaval at the Gas Station
  + stars: | 2023-03-17 | by ( Carol Ryan | ) www.wsj.com   time to read: 1 min
Electric vehicles are a small but growing share of cars on the road. Energy companies already need to prepare for how they will change the gas station. On Thursday, Paris-listed TotalEnergies agreed to sell around 2,200 gas stations in Europe to Canadian convenience-store company Alimentation Couche-Tard for €3.1 billion, worth $3.3 billion at current exchange rates. It is the second big deal in this space this year. BP paid $1.3 billion for TravelCenters of America in February, which has 280 locations on U.S. highways.
☆ Canada petrol king shows belated faith in own plan
  + stars: | 2023-03-16 | by ( ) www.reuters.com   time to read: +2 min
LONDON, March 16 (Reuters Breakingviews) - Alimentation Couche-Tard (ATD.TO) is expanding its empire of petrol station rest stops. On Thursday, the $44 billion Canadian gas station giant said it would buy some of TotalEnergies’ (TTEF.PA) European assets for 3.1 billion euros. The swoop is also a sign that Couche-Tard is more confident in its own business model than in the recent past. Back then, it seemed Couche-Tard was looking to diversify its empire of highway rest stops. But if EV battery power or home-charging facilities improve, Couche-Tard’s business model may not stack up.
☆ Canada's Couche-Tard to buy some TotalEnergies stations in $3.3 bln deal
  + stars: | 2023-03-16 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +2 min
The companies said that under the deal the Canadian firm would buy all of TotalEnergies' service stations in Germany and the Netherlands, as well as purchasing a 60% stake in the French company's stations in Belgium and Luxembourg. "Service stations must expand from just selling fuel to become fully-fledged service hubs," TotalEnergies CEO Patrick Pouyanne said in a joint statement. Since 2015, TotalEnergies has divested its service station networks in Italy, Switzerland and the United Kingdom. Couche-Tard said it plans to fund the deal with available cash along with existing credit facilities and new debt. In January 2021, Couche-Tard's $20 billion approach for Carrefour, Europe's largest food retailer, was rejected by the French government on food security concerns.
☆ These 3 stocks have gained every year for a decade — and are expected to keep rising
  + stars: | 2023-03-06 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Only three stocks are in the green this year and have had positive returns every year for the past decade, data shows. Insurance company Progressive Corp and aerospace manufacturing company TransDigm Group — both U.S. listed — along with Canadian convenience store operator Alimentation Couche-Tard are the only three stocks in the MSCI World Index to achieve this feat. The Canadian stock is also the largest holding in the only ETF that's posted gains yearly for the past decade . ATD has posted 725% in total returns and 23% CAGR over the past decade. TDG shares have risen by nearly 900% over the past decade in addition to this year, representing 25.4% in total CAGR.
☆ This global ETF is the only fund that's posted gains every year for the past decade
  + stars: | 2023-01-11 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
An ETF tracking Canadian consumer stocks is the only major fund to have had a positive return every year over the past decade, data shows. The Canadian-dollar-based fund beat the SPDR S & P 500 ETF (SPY) by 59 percentage points in total returns over the past decade. It also outperformed the Canada-focussed iShares Core S & P/TSX Capped Composite Index ETF (XIC) by about 125 percentage points over the same period. The Canadian consumer staples ETF has risen by 2% this year to 85.9 Canadian dollars ($64.15) a share. Unlike the larger index funds, the iShares S & P/TSX Capped Consumer Staples Index ETF includes just 11 stocks, with a significant weighting toward the food retail and packaged foods sectors.
☆ Retailer Carrefour plans more investment and savings
  + stars: | 2022-11-08 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +2 min
PARIS, Nov 8 (Reuters) - Carrefour (CARR.PA) will step up its expansion into e-commerce, slash costs and focus on cash generation as part of boss Alexandre Bompard's new strategy to accelerate the turnaround at Europe's largest food retailer amid soaring inflation. The French group, ahead of an investor presentation later on Tuesday, said it was aiming for a net free cash flow of over 1.7 billion euros ($1.7 billion) and 4 billion euros in cost savings in 2026. As a result, Carrefour said it was raising its annual investment target to 2.0 billion euros from 1.7 billion euros previously. Chairman and CEO Alexandre Bompard, who took the helm in July 2017, was reappointed in May 2021 for another three years. ($1 = 0.9996 euros)Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
☆ Carrefour plans investments and savings to tackle inflation
  + stars: | 2022-11-08 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +3 min
The French group, which also announced a media joint venture with ad giant Publicis , said on Tuesday it was aiming for 4 billion euros ($4 billion) in cost savings and for net free cash flow of over 1.7 billion euros ($1.7 billion) in 2026. As a result, Carrefour said it was raising its annual investment target to 2.0 billion euros from 1.7 billion euros previously. "Carrefour 2026 is a plan to be on the offensive in markets marked by inflation and climate change ... The partnership with Publicis in retail media will take the form of a joint venture in which Carrefour will hold a 51% stake, the group said. ($1 = 0.9996 euros)Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
☆ Canopy Growth to divest Canadian retail operations
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: 1 min
Sept 27 (Reuters) - Canopy Growth Corp (WEED.TO) said on Tuesday it will divest its retail business across Canada, as the pot producer steps up efforts to turn profitable. The business includes stores operating under the Tweed and Tokyo Smoke retail banners. Canopy has been focusing on premium high-potency offerings and has undertaken cost cuts through layoffs, exits from some international markets and store closures in its bid to turn profitable. The master license deal between Canopy and Alimentation Couche-Tard Inc (ATD.TO) related to the use of the Tweed brand for brick-and-mortar retail stores operating in Ontario has also been terminated, it added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Arunima Kumar in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
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