Buyback at a discount

ALIMENTATION COUCHE-TARD $59.11 (Toronto symbol ATD.B: TSINetwork Rating: Average) (1-800-361-2612; couchetard.com; Shs. o/s: 567.4 million; Market cap: $33.7 billion; Divd. yield: 0.6%) will repurchase 4.3 million of its Class B voting shares from Metro Inc. It will pay $57.17 each, for a total of $245.8… Read More

Q: Hi, Pat. I appreciate your advice and would like your thoughts on Parkland Industries, which has seen a substantial pullback in the last little while. Thanks.

A: Parkland Fuel Corp., $26.14, symbol PKI on Toronto (Shares outstanding: 130.5 million; Market cap: $3.4 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel-distribution business for motorists, businesses, households and wholesale customers in Canada and the U.S.

The company’s shares have moved down from… Read More