RE:RE:RE:RE:ACQ has $255 of Revenue per shareThe difference now between 5 to 7 years ago is that almost every existing dealership group is in acquisition mode. Half a dozen with more money and resources than ACQ. ACQ is simply the only publicly traded Canadian version. Their dealership expertise left when Pat did. Each and every leadership member has since abandoned ACQ to work for him or his brother.
There are definitely existing barriers to foreign ownership in Canada for OEM dealerships. That won't be changing anytime soon.
Children of current dealership owners are learning that the cashflow generated by an owned dealership is far more lucrative than a one-time payout upon selling.
With a shortage of competent dealership operational staff across Canada, the days of buying a poorly run dealership and turning it around are long gone. Dealership brokers are approaching twilight owners 18-24 months prior to selling doing the same thing to maximize store price.
ACQ should revert back to it's original income fund status and simply generate dividends to attract more institutional interest.