0:00: Introduction

1:48: Golf and Cialdini

2:42: Our take on the the DOJ suit against Apple

11:42: The Apple Bull and Bear thesis

17:50: Feature discussion on Alimentation Couche-Tard (ATD)

19:40: The beauty of convenience stores

22:22: ATD's Consolidation story

23:57: ATD's secret sauce to improving sales per square foot

27:22: The power of ATD's compounding

28:43: lack of volatility in gasoline pricing hurting recent results

30:50: why fuel margins could stay higher for longer

34:15: Electric vehicles are risks and rewards

41:22: Potential risks to the ATD story

42:50: Insider alignment, valuation and potential U.S. listing?

Alimentation Couche-Tard (ATD) is one of the best performing Canadian equities for over 30 years. Ernest and Barry discuss the pros, cons and the reasons why we finally purchased this investment for clients. We also talk about Apple's recent woes and reasons to stay optimistic.