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AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, after-market products and auction services. The Company also arranges financing and insurance for vehicles purchased by its customers through third-party finance and insurance sources. Its segments include Canadian Operations and U.S. Operations. It operates 83 franchised dealerships, comprising of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States of America. It sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, Acura, and Honda brands.


TSX:ACQ - Post by User

Post by LonghandStrongon Apr 25, 2021 4:37pm
451 Views
Post# 33064026

She got me

She got me
man, as much as this has been a Heartbreaker for me personally, great work this last couple q's dealerships and corporate leadership ACQ. Initial offering post income trust, took a position, and won a bit, then thought, "no way its going more, just a consolidator play", sold at $20, and missed the 5 bag to $90. About $80, got interested, thought she'd be a beauty dividend play, and boom, missed it again! Got smoked. Then, stupidly, didn't feel at $7 that it had legs. Let emotion keep me funked, and missed this run. Grrrrr. A good lesson or two in there. Well done ACQ!!! Keep it rolling. As much as this one was the fish that got away (while biting me the whole way), its nice to see a western Canada company really kick butt. Consumer cyclical, and cars, man, thats likely not the easiest business either. Whoever came up with the latest idea re: offering to pay down bank indebtedness, genius. Well done.
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