- Parkland is best known as a supplier and distributor of fuel, under its own brand, but also for Chevron, Shell, and Exxon Mobil.
- The company is aiming to increase its adjusted EBITDA to C$2B by the end of 2025.
- It is acquiring a frozen food retailer as additional diversification, and the acquisition will be fully funded using existing cash flows.
- Parkland was already cheap before, but the stock was held back by longer-term concerns about gas stations. The diversification should help.
For further details see:
Parkland: An Undervalued Gas Station Chain Buying A Frozen Foods Chain