I had a hold rating for Alimentation Couch-Tard Inc. (TSX: ATD:CA ) previously, as I thought the macro pressure was real and that could potentially overwhelm the success seen in its food & beverage [F&B] strategy andI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, rein ...