RE:RE:RE:ACQ has $255 of Revenue per shareCan't comment too much on that opinion except that GM initially would not allow public ownership of its dealerships in Canada but eventually agreed to it, since its competitors were doing it and they needed dealerships. I imagine they preferred the older arrangement where the dealers were mom and pop type operations with less clout to demand better terms.
As for a white knight. That is certainly not the right term. ACQ would be better off to stand alone, since its valuation is considerably below fair value. My comment referred to the point that it was surprising that a larger publilc operation, like they have in the US, would not want to seize that low valuation and garner an easier entry into the Canadian market. Perhaps there are other issues, I can't say.
Whether any of that plays out or not is not important to an investor buying ACQ today. This company can grow for decades consolidating dealerships, with just about any dealer or repair shop acquisition being immediately accretive. I doubt the CEO bought $1.5 million worth of ACQ stock last month because he sees their future as dire.