AutoCanada Inc T.ACQ

Liquidity Issue...

[sunshine7]

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.

[fishcarrier]

I like this stock. Had it for awhile around the New Year, then sold it as the price was dropping. Had it around $40 then. Just bought back in this morning as the share price is showing some sign of life again.  I realize they have a debt. But I think they are making a nice mark-up on their vehicles, and all those acquisitions should increase perfromance handsomely. Those increases will help

[sunshine7]

This stock puzzles me. High growth rate through acquisition takes debt but their recent financing for $300M due 2029 is not a problem IMO. They are making good money to pay this. They have exceeded street for past 4 Qs. Target price upside is one of the best I have seen for what that's worth. One day soon, market will acknowledge.