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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

Comment by OptsyEagleon Nov 21, 2021 8:13am
142 Views
Post# 34150345

RE:Remember dividends?

RE:Remember dividends?I suspect they are aware of the dividend issue so it begs the question, why don't they just reinstate one. They are certainly earning the money to pay one and have already stated confidence in the durability of those earnings.  I have to assume the answer is that they see so much opportunity to deploy money in acretive acquisitions that they want to delay that dividend announcement to a time their need for capital is less or their earnings are a lot higher then then are today, in order to pay it.

The way the auto market is today, this company could expand and grow for years and years, as long as a US Auto consolidator does not come in and acquire them before that.


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