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AutoCanada Inc T.ACQ

Alternate Symbol(s):  AOCIF

AutoCanada Inc. is a Canada-based multi-location franchised automobile dealership company. It offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services. Its segments include Canadian Operations and U.S. Operations. It operates about 82 franchised dealerships, comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, United States. It sells Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, FIAT, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, Toyota, Volkswagen, and Volvo branded vehicles. Its Canadian Operations segment operates three used vehicle dealerships and one used vehicle auction business supporting the Used Digital Division, 13 RightRide division locations, and 11 stand-alone collision centers within its group of 27 collision centers.


TSX:ACQ - Post by User

Bullboard Posts
Comment by sellthefarmon Jan 28, 2015 9:53am
217 Views
Post# 23371691

RE:RE:ACQ Globe article

RE:RE:ACQ Globe articleThese "journalists" spew useless information and don't realize their useless dribble does nothing but hurt shareholder value, not add to it.  It is well known that the founders have other interests in the auto industry and own real estate that they lease to the company.  They put up the cash for it so why can't they get paid a lease?  The auto dealers they own outside of the Auto Canada group were strategic (to my knowledge) because they are either brands ACQ doesn't own or they are brands that a public company can't own.  Yes, their corporate governance could be better.  But I don't make my decisions based on an article in a useless news paper so there' no impact on me.  I look at how the market beat ACQ up back in 2009/2010 because they thought the financial crisis (and drop in oil) was going to kill the business.  Sales were minimally impacted and after a few years the stock price reflected it.  We'll see what happens this time.  Might continue down with oil this year but I would bet that 3 years out the company is worth more than it is today.
Bullboard Posts