Performance
Alimentation Couche-Tard Inc. has proven to be a reliable performer over the years, but its hostile takeover offer for U.S. Midwest regional convenience-store operator Casey's General Stores Inc. may prove to be problematic. No one wants to see the Couche-Tard management team - well regarded for running a tight ship - distracted by a protracted battle or bidding war for Casey's.
Couche-Tard has built an enviable reputation in the U.S. for outperforming most of its rivals. Maintaining that edge - without potentially brutal takeover battles - will be crucial over the coming months if the stock is to continue to outperform.
Bertrand Marotte
U.S. market
Top company-operated convenience store chains in the U.S. in 2009, by number of stores (excludes franchises):
Alimentation Couche-Tard ,
Laval, Que.: 2,845 stores
7-Eleven Inc., Dallas: 1,654
The Pantry Inc., Sanford, N.C.: 1,648
Speedway SuperAmerica LLC, Enon, Ohio: 1,553
Casey's General Stores Inc.,
Ankeny, Iowa: 1,478
Source: Convenience Store News