But investing we talk about the cash loan, how much cash a company, a business is valued on the cash it can make from now until the end of time discounted back to the present at an appropriate discount rate. That's kind of stock valuation 101.

But I think that misses a key point of the game of investing.

And that is, well, what if management are morons? I'm Ricky Mulvey, and that's Motley Full Canada's Jim Gillies.

My colleague Mary Long caught up with him for a quick road trip.

They've got a look at three gas station stocks

including one going for a big acquisition, one selling frozen pizzas, and a market smasher that Jim personally

owns. Our first pit stop is that Alimentosion

Kushtard, Jim.

You want to rank my French before we keep going?

That's a solid nine out of ten, Mary. That's really done.

I will take 9 out of 10 when I can get it, honestly.

Americans and Canadians both will probably recognize the Circle K brand which operates, which Kushard

owns, but this is a convenience store company with a pretty global presence.

They built that global presence largely through acquisitions.

To say that they have a good track record with those acquisitions is probably a bit of an

understatement. Since 2004 they've integrated more than 65 deals into the store

network, now have nearly 17,000 stores worldwide, that includes licensees.

Jim, successful acquisitions can be hard but

Kustard seems to have figured out how to do him well. What is the secret?

Well, Mary, the secret is blocking and tackling. I actually don't even know what

that means. I just hear it a lot in conference

calls when people talk about what are you going to do to be successful they oh we're

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