Q: A Scotiabank analyst said today on BNN that "the replacement cycle will be so strong that it will last several years". Video here: http://www.bnn.ca/Video/player.aspx?vid=481891. If that's the case, would you say that AutoCanada is the canadian company that should profit the most from this trend? Financials and auto-parts makers possibly would also profiting I speculate.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Autocanada has been almost cut in half during this correction. Was it just hugely overvalued? What do you make of the valuation today and is it a compelling buy? Thanks.
Q: ACQ was added to the S & P/TSX composite buyback index. Is it significant to shareholders?
Thank you.
Thank you.
Q: I have been waiting for some strength in ACQ to start a position. I have never owned it . I guess the renewed strength has to do with Buffett entering positions in dealerships. So would you buy it now if you did not own it? Thanks.
Q: RE ACQ - you still have this stock rated a "B" which suggested to me it was a buy and as long as your rating has not changed, it still should be. I am down 25% since my purchase of ACQ while the market is down far less in percentage terms. Has anything changed in your ACQ analysis that we should have known about? Thank you
Q: Symbol : ACQ.TO
Good Morning Peter & Team.
Auto Canada is under lot of pressure recently and is loosing heavily. Is there any news on this stock? Is this a stock a buy / hold /sell currently? Is it worth entering in to a new position in this stock at current levels?
Thanks for your help.
Vinod
Good Morning Peter & Team.
Auto Canada is under lot of pressure recently and is loosing heavily. Is there any news on this stock? Is this a stock a buy / hold /sell currently? Is it worth entering in to a new position in this stock at current levels?
Thanks for your help.
Vinod
Q: Could you please provide an update on ACQ? Can I add to my losing position (since I purchased it recently).
Q: Peter - there are 2 stocks that I have owned in the past and which are now in doghouse with investors. One is AVO and the next is ACQ. Now AVO is well documented in terms of its history and its CEO. I have read your comments in the past. But this scenario will change. will the change be sudden with news of a purchase or the next set of earnings. Have we hit bottom and will the re-evaluation be sudden.
ACQ has not made any serious mistakes as far as I can tell. They have grown dramatically and taken on debt however. The CEO appears to have a vision and is carrying it out.
In 1year is it likely that these 2 stocks will be dramatically higher than now. Is it a good idea to start to dabble
ACQ has not made any serious mistakes as far as I can tell. They have grown dramatically and taken on debt however. The CEO appears to have a vision and is carrying it out.
In 1year is it likely that these 2 stocks will be dramatically higher than now. Is it a good idea to start to dabble
Q: Hello 5i team,
I have an exposure to the auto industry through LNR and MG and have made significant gains so far; in order to maintain the overall exposure to the auto industry, I am thinking of taking some profit (on a pro rata basis) and buy shares of ACQ.
Your opinion is most valuable
Tony
I have an exposure to the auto industry through LNR and MG and have made significant gains so far; in order to maintain the overall exposure to the auto industry, I am thinking of taking some profit (on a pro rata basis) and buy shares of ACQ.
Your opinion is most valuable
Tony
Q: whats with acq today?
Q: I would like to add Autocanada for diversification, but the chart looks like the stock may not have yet found a bottom. I would appreciate your advice regarding when I should consider purchase.
Q: ACQ. I'm assuming from your earlier answer and its plunging stock price that the conference call didn't go well. Now down 8% on the day, following a 16% fall over the past weeks, any momentum in this stock seems headed downward in the short to medium term, at any rate. Am I wrong?
Q: Hello Peter
Please comment on the resent drop on the share price of Auto Canada . Is it a good buy at these prices or do you see more drop going forward ? Does the future still looks good after the 2Q report ? Should i hold the company or switch to other opportunities .Thanks Claudio
Please comment on the resent drop on the share price of Auto Canada . Is it a good buy at these prices or do you see more drop going forward ? Does the future still looks good after the 2Q report ? Should i hold the company or switch to other opportunities .Thanks Claudio
Q: Hi, could you please comment on Auto Canada earnings and any impact on current prices. Thanks
Q: ACQ is down quite a bit lately. Any idea what is going on with it? I know they are reporting next week. Are good results expected?
Q: I have doubled my investment in autocanada and wonder if I should keep all or sell half and possibly buy prometic or questor
Thank you so much
Thank you so much
Q: Hi,
I bought a 5% position in ACQ, autocanada,@ 40.00, it has now pulled back about 20% from it,s all time high and is still just over a 5% positon in my portfolio. My question is, at this price do I buy another 2%, and go to an overweight position, and trim when it hits 10%, or hold what I have and play the slow and steady game. I realize you probably would like more info for a proper answer, but reading your answers to the last few questions on ACQ. I get the feeling your fairly comfortable with this growth stock, and with the recent pullback it looks like a good time to add.
Many Thanks as always!
I bought a 5% position in ACQ, autocanada,@ 40.00, it has now pulled back about 20% from it,s all time high and is still just over a 5% positon in my portfolio. My question is, at this price do I buy another 2%, and go to an overweight position, and trim when it hits 10%, or hold what I have and play the slow and steady game. I realize you probably would like more info for a proper answer, but reading your answers to the last few questions on ACQ. I get the feeling your fairly comfortable with this growth stock, and with the recent pullback it looks like a good time to add.
Many Thanks as always!
Q: can you provide me with estimates on earnings per share for next reporting quarter acq-t thanks
Q: This question was somehow deleted, but related to AutoCanada and its prospects.
Q: General comment on ACQ.With all due respect to your positive opinion,I have 3 issues.Recently,it did a equity financing of 2.565m shares @ $78.,but its owner,CAG sold 2.5985m shs @ $78.If CAG did NOT sell,it may not have to do the financing.Why did CAG sell,even though it still owns 9.6% after sale.2)Reportedly,auto sales is @ a record level with easy & cheap financing.A source pointed out this could be a "auto bubble" similiar to "sub prime"3)What will be the effect once interest rate starts to climmb?Yellen indicated that bank rate will not increase until mid 2015,but many analysts are predicting US 10yr bond rate could increase fr current 2.55% to 3%-3.5% by year end.Thanks