Autotrader IPO would be very positive for Autobytel Stock
There was an article in Business Week and Bloomberg discussing a possible IPO by Autotrader. That would be real positive for Autobytel stock to get noticed. Article is from February 4th titled "AutoTrader.com Said to Be in Talks for Initial Offering".
I believe ABTL, after last year acquisition, will show good amount of organic growth, as there are plenty of growth opportunities in this sector. This stock is ridiculously low. Good for smart investors to load and hold for big $$
This garbage can of a company that has bilked investors for a decade and a half once had a market value of well over a billion dollars. Granted that that valuation was utterly preposterous, but even the current market valuation of $44 million is about 43.5 million too much.
Autotrader may have value because they actually own a real property that people use to buy a vehicle. Moreover, car dealers actually get a great deal of use out of the books and online service to help them sell cars and trucks. To compare the two companies isn't even a good joke, it's delusion.
Autobytel is nothing; they have nothing to offer either the public or the industry; it is a waste of time, energy, and money. The only thing that amazes me is that as of yet no disgruntled investor has visited their offices with a weapon of some kind.