Post by
OptsyEagle on May 18, 2023 12:32pm
ACQ has $255 of Revenue per share
You would have to think that an Autonation or Lithia Motors or Group 1 would be looking closely at this company with some opportunistic eyes. They could buy $6 Billion of annual revenue that ACQ currently produces, for a lousy $400 million in stock price. Maybe $600 million if they offer a 50% premium to the current price.
As I said in my last post, with ACQ generating $180 million annually in free cash flow they would have all their money back in 3 years and after that they get to keep all that profit. They would also get an easy entry into the Canadian market and would be able to slash a lot of costs out of ACQ by combining many functions with their own.
Why bother acquiring 1 dealership at a time when you are being offered a package like this?
Comment by
Amt576a on May 23, 2023 9:28pm
How many Canadian dealerships are currently owned by US groups? Ever wonder why?
Comment by
wkrpradio on Jul 13, 2023 6:10pm
Because most people in Canada are socialists and don't own shares.
Comment by
Amt576a on Jul 14, 2023 1:30am
Because the heads of each automaker saw the mess public ownership brought to the US dealership landscape and, unable to reverse it, made sure it wouldn't happen again in North America. The only white knight coming for ACQ will be a private buyer led by either a Priestner, a Wheaton or a Dilawri.