RE:RE:InvestedWolf couldn't possibly be shorting this stock?rtired wrote: Well said Bertzzi. It is no secret that Sales are down in Alberta,(my contact in the business tell me it'sprobably more like 20-25% and worst case scenario's have been baked in. ACQ is way oversold IMO. Unemployment in Alberta is just now @ 7%...equal to the National average. Keep in mind 93% are still employed.Sales are down, but down from previous record sales over the last few years. They continue to be profitable, albiet a little less than the record years, and have plenty of cash on hand, not only for operations but to take advantage of any opportunities that may come up.Just less than half of the dealerships are in Ab.
ACQ IPO'd in 2006 @ $10.00 with only 14 francised dealers and no land& bldgs. Now have 56 franchised dealers and someinclude land and buildings. It also looks like Alberta may be turning the corner with the Royalties settled and help from the Feds.The beauty of the Auto business is that everyone needs a vehicle. The vehicles wear out, get smashed, stolen etc, so when it slows down there is a pent up demand being created for the future.
No one knows for sure what the short term will bring, but in the long run Acq will continue to grow and flourish.
The shorters/bashers are grasping at straws and making up BS.
You honestly think that 7.6% unemployment means 93% or whatever are EMPLOYED? Will be almost 7 years before you see the highs again, longterm hold maybe at $12.