The report for AutoCanada is updated and rated Speculative Buy at $28.64. This company was added to the site on July 14 rated Buy at $40.36. It had at that time fallen by 55% from highs around $90 in May of 2014. Since being added to the site the stock has fallen 29%. Same-store new vehicle sales declined by 13% in Alberta where 43% of its dealerships are located. Meanwhile the company continues to make acquisitions and has announced the purchase of five additional dealerships in four transactions since July. The near-term earnings growth outlook remains weak for this company and owning it is likely to require patience. When it comes to auto sales at least, there is clearly a recession in Alberta and it appears set to get worse as layoff announcements continue.