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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 over 83 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 HamRoveJron Nov 12, 2015 9:34pm
79 Views
Post# 24287435

Can someone sane (not Rover)

Can someone sane (not Rover)tell me why this should be trading at 20 times earnings?!? The just missed the lowest earnings estimates and rev. which was already revised down.  Should be trading near 12-15 max. So much fuucking risk, and your discounting profits like it's certain or something?  Because they bought an 80% share in a Honda dealer they are safe? HA they are only makeing 3 more purchasing (if everything goes to plan) after the 3 they bought (one in ALberta and 2 in Ottawa) not including this sketch honda holding.  They were trading high before because 2013-14 they pretty much doubled their dealerships and people thought that growth rate would continue and was built into their pricing models.  NOT EVEN CLOSE.  And half their dealerships are going to be in serious trouble.  People don't buy fuucking cars when they don't even know if they will be employed next month.  People are also leaving Alberta, leaving less consumers out there, this will be a vicious cycle for a couple years until the SAUDS realize they only have so much in currency reserves, and their welfare population will deffinitely not want to go back in their way of life and spending habbits, but apparently they think they are top notch economists...because they have money and that makes them smart!....
Bullboard Posts