Q: Dear 5i,
I continue to watch ACQ and debate on initiating a position. Do you think this stock has found a floor and most of the risk is already priced in? I find it odd that approx 50% of it's dealerships are outside of Alberta and the stock has not participated in the recent rally and continues to decline. In previous answers you have said to give it 3 years. Excuse my lack of understanding. In three years do you expect ACQ to have recovered to it's previous prices/growth valuation or that the Alberta will have simply recovered and the stock price will start to move up in 3 years? Is it a buy at this time?
Thank you,
Kerri
I continue to watch ACQ and debate on initiating a position. Do you think this stock has found a floor and most of the risk is already priced in? I find it odd that approx 50% of it's dealerships are outside of Alberta and the stock has not participated in the recent rally and continues to decline. In previous answers you have said to give it 3 years. Excuse my lack of understanding. In three years do you expect ACQ to have recovered to it's previous prices/growth valuation or that the Alberta will have simply recovered and the stock price will start to move up in 3 years? Is it a buy at this time?
Thank you,
Kerri