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

Featuredby Late Cycle Investing1 Comment

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 [...]

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

Featuredby Late Cycle Investing2 Comments

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 [...]