CGI Inc. revisited: Global Tech Compounder for a Digital Age

CGI Inc. revisited: Global Tech Compounder for a Digital Age

In it's 2021 technology industry outlook, Deloitte identified three critical issues in a post-COVID world. The first of these applies to all sectors and services: digital transformation. "Facing new pressures and constraints, companies are working to improve their agility and flexibility, increase automation, and move to more real-time operations. Accelerating digital transformation efforts will likely [...]

Waste Connections: The backbone of an infrastructure economy

Waste Connections: The backbone of an infrastructure economy

Founded in 1997, Waste Connections (WCN) is the 3rd largest solid waste service company in North America. It provides waste collection, transfer, recycling, and disposal services. Additionally, WCN provides oilfield waste treatment (recovery and disposal services) as well as intermodal services for the rail haul movement of cargo and solid waste containers. The firm currently [...]

Alimentation Couche-Tard: My core Consumer Defensive + Carrefour assessment

Alimentation Couche-Tard: My core Consumer Defensive + Carrefour assessment

The market does not like the idea of Couche Tard buying Carrefour. A common reason is that Couche Tard is stepping away from it's roots to tackle the grocery business. Second, and the only reason that matters in my view, is that Couche Tard's target of 15% EBITDA growth moving forward might be challenged in [...]

Economic Stimulus: Post-Great Recession Media Analysis of Market Sentiment, Debt and Bubbles

Economic Stimulus: Post-Great Recession Media Analysis of Market Sentiment, Debt and Bubbles

I will focus solely on stimulus from US Federal Reserve as our base given it’s role as a global currency. In 2008, the Economic Stimulus Act came at a cost of $152 billion, providing tax rebates for low-middle class earners along with business incentives. In 2009, the American Recovery and Reinvestment Act cost $831 billion [...]