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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
Post by DayOfReckoningon Jan 30, 2015 3:20pm
377 Views
Post# 23383017

Fear for all...

Fear for all...At roughly 9x EV/ EBITDA and 3+% dividend yield I have initiated a 1/4 position at these levels. At $90 this was stupidly overpriced on momentum and at $30 its probably getting close to stupid for the downside. I expect to see at least 3 more acquisitions in the coming year outside of Alberta to continue to diversify geographically. SP should recover to apprx $55 and the volatility likely subsides. I would buy some out-of-the-money upside calls when the IV drops.
Bullboard Posts