ACQ, AutoCanada Inc

ACQ mar 24, 2014

This company runs a collection of auto dealerships, representing all the major brands including, ironically, GM. For two years or so the stock did nothing and then it took off to become a ten-bagger in just a little over two years. They are based in Alberta and , no doubt one day this stock will trade at $500 or more, but we would be inclined to take our chips off the table. The stock trades at  a 33x p/e, the and MACD are at peak levels and lately the climb was as close to vertical as it gets. A sell.