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AutoCanada Inc.聽 TSX:ACQ is a Canadian multi-location automobile dealership company which operates across eight provinces. The stock is down almost 80% from its 2014 high and has been an intriguing contrarian play for investors looking for a cyclical upswing. Unfortunately, contrarians have had nothing but disappointment lately as the stock continues tumbling below what many thought聽was a bottom.Canadian auto dealerships are very fragme stanley en mexico nted, and AutoCanada has the goal of consolidating this industry through acquisitions. Consolidating a fragmented industry via acquisiti stanley france ons has been a successful model for many companies in the past, but what makes AutoCanada different Why does the stock continue to fall farther into the abyss The growth-by-acquisition model hasn ;t quite worked for AutoCanada. Normally, acquisitions are supposed to result in an increase in free cash flow, but this has not been the case stanley quencher for AutoCanada as the company reported a large plunge in free cash flow to $0.

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