You won’t hear the name AutoCanada Inc. much on Bay Street.
For starters, it’s got geography working against it. You don’t need to be in a major urban centre to get coverage from a banker, but being based in Edmonton certainly isn’t an advantage.
Then there’s the sector. AutoCanada operates franchised auto dealerships, which probably fall under the ‘diversified’ coverage umbrella. There haven’t been many deals in this space since the financial crisis.