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Past Pro Picks (from February 4th)
- Apple (AAPL) – Up ~20% since February. Still holding.
- Microsoft (MSFT) – Up ~20% since February. Still holding.
- Meta Platforms (META) – Down ~7% since February
Still holding because a trillion-dollar-plus company growing revenue 26% is proof AI is working, Zuckerberg is a visionary executing at a far better valuation than peers, and heavy AI investment is temporarily depressing earnings — once capex slows, free cash flow will explode.
New Pro Picks – December 2nd, 2025
- TFI International (TFII)
- Why it has underperformed: Disastrous February results caused the stock to fall 20% in a single day and it still hasn’t recovered; earnings have been sliced in half in 2025 amid the worst freight recession ever.
- What the opportunity is: Even in this terrible environment, TFI will still earn ~$4 US per share, generate $700–800 million of free cash flow, raise the dividend twice in 2025, and aggressively buy back stock while improving operations; management says the bottom is near and freight is highly cyclical.
- Upside: Only a little improvement in freight pricing or demand (plus ongoing industry bankruptcies tightening supply) will deliver gigantic returns on investment.
- Alimentation Couche-Tard (ATD)
- Why it has underperformed: Beaten-up all year from the on-again/off-again 7-Eleven takeover drama and multi-year weakness in U.S. same-store sales while the market obsessed over that geography.
- What the opportunity is: The forgotten compounding machine is finally seeing all geographies (including the U.S.) turn the corner with positive same-store sales growth driven by better fresh/prepared food and nicotine alternatives (Zyn, vaping, pouches) offsetting declining cigarette and alcohol trends; margins are improving again.
- Upside: Resumption of the historical compounding trajectory now that the U.S. is no longer a drag — a classic “great company temporarily forgotten by the rally.”
- Restaurant Brands International (QSR)
- Why it has underperformed: Range-bound for a long time with no obvious catalyst; clients complain and don’t see the growth story.
- What the opportunity is: Tim Hortons same-store sales growth has been phenomenal, Patrick Doyle (legendary Domino’s turnaround CEO) is executing the exact Domino’s playbook at Burger King (renovations, franchisee-friendly initiatives), leverage is down, a major China joint-venture targets 4,000 new restaurants, and international Burger King results are very strong.
- Upside: A high-quality royalty business trading at a discount to McDonald’s but with better growth; the company has been knocking it out of the park the last few quarters even in a tough U.S. consumer environment — catalyst is finally in motion.
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DISCLAIMERS: This text AI generated, human edited. The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice. The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.
