RE:RE:RE:RE:ACQ has $255 of Revenue per shareInteresting conversation. Thanks. I agree it would be nice to start seeing some dividends but I suspect the bean counters at ACQ figure that the dividends could be a lot higher if they took that money and first bought back their own stock and cancelled those shares. I suspect that idea slows down a lot of dealership acquisitions as well. Since ACQ's stock price is so low they probably figure they can take the purchase price a dealership owner wants for their operation, and use it to buy their own stock and they would end up with a higher EPS then buying the dealership itself and with a lot less risk. Since I imagine the managers preference would be to buy the dealership and grow the business, in the end nothing gets done. No buybacks and few acquisitions.
I am not sure what happened to Pat Preistner. I use to own ACQ back when Pat ran it. Made a lot of money on it and sold my shares at prices much higher then today. I was away from the story for a while and when the price came back down and I started to acquire a new position I noticed Pat was gone. Not sure what happened with all that.