March 6, 2023

On Monday markets started out stronger but closed with the S&P 500 up 0.1% and Toronto down 0.3%.

Aecon Group was up another 2.9%. 

lululemon was down 3.9%

AutoCanada was down another 7.8%. Clearly, the market did not like its Q4 results. I am now reading its Q4 and and year-end results and it will be my next update. There are a lot of non-operating items that affect its profits each quarter. This makes it more difficult to interpret its earnings. So far, my impression is that the current price represents a buying opportunity but I have not yet really dug into the results. The f=ear may be more about high interest rates preventing people from purchasing vehicles.

Scroll to Top