| HOLD | 4.250 | Hap (Robert) Sneddon FCSI | (Market Call Minute.) Based on the chart, he would probably hang on to it. Currently shows a little bit of support. If you see any issues with the distribution levels changing, get out. | 2008-08-12 | |
| PAST TOP PICK | 8.700 | Ben Cheng | (A Top Pick Mar 2/07. Down 8.9% including distributions.) Been a tough market for auto retailers. This is about the only way you can own an auto retailer. Reported sales up 12% to 15% in each of the last 3 quarters. 70% of their dealerships are in Western Canada, particularly in Alberta and B.C. Distribution is safe. | 2008-01-21 | |
| SELL | 10.220 | Chris Rankin, MBA, CFA | Demand in Alberta is going to soften and they are going to have a hard time with the exchange rates. | 2007-10-19 | |
| PAST TOP PICK | 10.800 | Ben Cheng | (A Top Pick March 2/07. No change.) Only publicly traded auto dealership in Canada. Grown to 19 dealerships. Auto sales in Canada look much healthier than in the US. 9.3% yield. Very cheap at less than 6X cash flow for 2008. | 2007-09-05 | |
| BUY | 11.850 | Chris Rankin, MBA, CFA | AutoCanada is priced in line with other automotive retailers. They've got Dennis DeRosia on their board which is a huge win for them. (He's mister auto).
For the next year it looks pretty good. | 2007-06-08 | |
| PAST TOP PICK | 10.950 | Ben Cheng | (A Top Pick Dec 1/06. Up 23.2%.) The only publicly run car dealership in Canada. Still growing. 9.3% yield should grow. Still a Buy. | 2007-05-29 | |
| TOP PICK | 10.600 | Ben Cheng | (A Top Pick Dec 1/06. Up 19.4%.) New-car sales are less than 50% of their overall profit line. Generates a lot of cash out of warranties, repairs and maintenance. Growing at about 15% per year. Very cheap valuation. | 2007-03-02 | |
| TOP PICK | 8.850 | Ben Cheng | Management owns 20%. Consolidating in western and eastern Canada. 17 dealerships and will have 23 in 2007, 28 in 2008. Cash flow and distributions will grow significantly in the next 3 years. Good value. | 2006-12-01 | |
Experts that have talked about AutoCanada Income Fund
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