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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

Post by sunshine7on Mar 07, 2022 11:05am
283 Views
Post# 34490557

Liquidity Issue...

Liquidity Issue...Last view of short volume showed shorts are few and at lowest level in a year. So likely no short thesis.
As hedge funds (10% ownership) and others exit their positions during market weakness, their are few buyers even though this is clearly over sold (as are many others).
Liquidity issues can work both ways. Should risk on become a thing, ACQ will benefit with big gains from here. In the meantime, we wait for a bottom.
All IMHO for what that's worth.
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