Can't get over how poorly this trades...One would think Buying and selling cars is a very good business to be in. According to monthly stats Canadians continue to buy new vehicles at greater numbers than prior years so why isn't the largest public auto seller in Canada valued higher?..
Auto Canada continues to deliver on all fronts as it grows it portfolio....one would think as minimum wages go up in January the auto sector could see another boost to sales...
Oil has been another so called reason as to Acq's troubles but oil is nearly trading at 2 year highs and should continue to trade at the levels if not higher going forward leading up to big Saudi aramco oil ipo in 2018.
This company should be a net gainer in 2018...stock traded over $50 few years back..
Good times have returned with almost 70 dealerships under its belt and borrowing rates near record lows...
Stock should be trading at least 30% higher....thoughts??