RE:Prelims look goodThey look awesome. 30% sales growth for Q4. 13% same store unit sales growth for Q4.
Their update is to prepare for a meeting with fixed income investors so one has to assume ACQ is thinking about issuing some debt. Great idea. They acquired a little of it for the previous quarters acquisitions and interest rates are still low, so might as well strike while the iron is low or hot, which ever way you want to look at it.
Better then issuing equity with the stock still trading at 1/2 of what it is worth. You wonder what is wrong with investors out there. Do they not know how many people are actually still waiting to buy their next car, and as they should know, they can only wait so long and while they wait they will just fill up ACQs repair bays.
https://ca.finance.yahoo.com/news/autocanada-announces-fixed-income-investor-014500380.html