I read them both. Sure read like ABTL is not only fundamentally in a better position than TrueCar. But, the best play.
One by "seeking alpha" and one by "motley fool". Both were kind of backhanded complements to ABTL.
Basically stating in light of TrueCar's failure to perform. Be prepared for volitility in ABTL stock price.
TrueCar announces their reporting date aftermarket on Thursday, August 6th and pre-warns of an earnings shortfall. ABTL announces for the same date and does not pre-warn. I think it is probably pretty safe bet they will not hit us with a surprise miss. So, I think we will see some upward movement as long as the overall market does not collapse.
Actually they compared ABTL to TrueCar. ABTL came off looking like a winner. I recommend reading both the reports.
It's called a popularity contest and who gets the most publicity. Unfortunately, ABTL is paying Liolios (whoever they are) to get that much needed publicity, and you see what they're doing for us....nothing as far as I can see.
After market closed on Thursday Truecar released - they will miss earnings! Never understood the markets valuation on Truecar. All hype to me! But no question people seemed to follow almost like a cult. ABTL on the other hand does not get the attention or spotlight. So, while I believe it should be good for ABTL that Truecar is collapsing. It will be interesting to watch tomorrow. Will we be spared the bloodbath - as the strong stock in the sector; or, suffer because the emperor with no clothes (Truecar) drags us down too?
Anyone have any idea about this up and down pricing on ABTL trading. This morning, there was even premarket buying that raised the price 39 cents, then the price dropped 54 cents. Totally without reason or explanation.
Sentiment: Strong Buy
The only problem I see with TRUE getting booted is that it gives lead providers a bad reputation. I could never see a company like TRUE not having problems. Relying on a dealership being honest enough to report sales originating from a TRUE lead is slightly nuts...at best. Now TRUE wants access to all their customers records is really going off the deep end. See how many dealerships will go along with that demand from TRUE. What a horrible joke. I wouldn't mind seeing ABTL getting $400 per lead vehicle sold. Ain't happening...we'll just have to settle fo what we got.
Those poor suckers playing TrueCar just do not get it. The unicorn has no clothes! Their very public breakup is proof they are an auto broker. They just gave the lawyers more info on how to win the case against TrueCar. The detailed info they were demanding so they could print up their idea of the price the dealer should sell it to TrueCar customers is brokering. They have no defense against the auto dealer associatins pursuing legal action against them now. They are going to be in court a long time. All that IPO money will disappear and they will not be able to afford the people, buildings or the new software they wanted to do. They are toast.
I cannot recall a company falling to pieces this quickly. TrueCar just lost Autonation, completely....over 250 dealerships. And they are not coming back. Beep Beep....Beep Beep. Car broker, lawsuits and really upsetting Autonation are not indications that they stock has a future. ABTL has always been the better company!
Well, here we are again. Unless this stock gets pumped everyday, it just won't hold onto any gains. We'll have to wait for the earnings report.
I've never seen anything like ABTL investors (in general). Can't see any further than a day or two.
Let's hope that this new P/T has some lasting effect. The last time one of these P/T's came out it only helped ABTL one day and then, the next day, the price started going down again, and again. In any case, it's a long term projection and even if it goes down tomorrow, $20-$22 will eventually happen.
The trouble is that it's our money that ABTL is giving to Liolios. Coats isn't a dummy when it comes to money, and I'm surprised that he isn't making sure that Liolios does something for the money we're paying them.
This whole situation is getting me down watching ABTL get beat down 25 to 50 cents a day.. ABTL makes some progress and loses the whole thing. Just keeps going down day after day after day.
TrueCar is pumping again today. ABTL is quiet again. Wouldn't any stockholder be happy with the ABTL PR contract. Making money for nothing.
True is pumping their stock again today. ABTL has no press release again! Please let me be your PR firm.
I will promise to prevent any and all press releases whether directed to or not for the same amount you pay your current PR firm.
It looks like Coats is really trying to build this company up. He should be for the salary he's making and considering the size of the company. I don't know what Liolios is doing to promote ABTL, but whatever it is, TRUE is doing far better, and TRUE is doing it without paying anyone. All that Coats does is giving his dog and pony shows, and they never do any good. He really should take some lessons from TRUE management on how to promote a company.
Their almost daily blitz of PR continues. Meanwhile ABTL hires a PR firm that we never hear from.
If ABTL were preparing a leveraged buyout of investors it sure seems to me they have done all in their power to make the price go down. I am beginning to agree we need a change in management. TrueCar is proof it is just not that hard to do a press release about nothing.
Stupid TrueCar CEO on TV pumping his company again on TV. Da.....nothing there and they claim to be disruptive. Just another new kid on the block. ABTL on the other hand seems determined not to represent themselves to the public. As much as I believe TrueCar is a bad investment - I wish our team knew how to represent their stock.