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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

Comment by OptsyEagleon Jan 18, 2022 8:17am
141 Views
Post# 34327525

RE:Prelims look good

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
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