Couche-Tard is still cheap

Article Excerpt

ALIMENTATION COUCHE-TARD $25.89 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couche-tard.com; Shares outstanding: 183.6 million; Market cap: $4.8 billion; Dividend yield: 0.8%) reports that its earnings per share rose 31.0% in the three months ended January 30, 2011, to $0.38 from $0.29. Revenue rose 13.7%, to $5.6 billion from $4.9 billion. Same-store merchandise sales climbed 3.9% in the U.S., and 0.4% in Canada. U.S. sales make up 77.9% of total sales. The stock trades at 12.6 times the $2.05 a share that the company will likely earn in 2011. Alimentation Couche-Tard is still a buy. buy…