The Globe and Mail reports in its Saturday edition that Scott Lysakowski at Phillips, Hager & North has been buying Alimentation Couche-Tard recently. The Globe's Brenda Bouw quotes Mr. Lysakowski saying: "Couche-Tard is a long-time core holding and a stock we've been adding to in the past three months. Quebec-based Couche-Tard is one of the largest convenience and fuel store operators in the world. It's an exceptional operator with a long track record of earnings growth, return on invested capital and dividend growth. It has built its global footprint through disciplined and accretive mergers and acquisitions. Last July, it walked away from a proposal to buy Seven & i Holdings, the parent company of 7-Eleven. The price was getting a little too rich. We thought it was a good decision. That's one reason we decided to add to our position. More importantly, we started seeing signs of improving fundamentals in the business. Same-store sales growth has been improving in the U.S., and we are starting to see early signs of improvement in Europe. It's also generating very strong fuel margins right now." In addition, Couche-Tard will be expanding its European footprint, buying most of Polish retail player Zabka Group.