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Autobytel Inc. (ABTL) Message Board

  • fiberbull fiberbull Mar 13, 2012 3:36 PM Flag

    Sell the company

    ABTL management needs to sell the company immediately. This is easily the most undervalued Internet company in the world right now. They will probably due $65 million in revenue in 2012 at 40%+ gross margins, and the stock is valued at less than $40 million on an enterprise value basis?

    That's just ridiculous. I think Insweb lead gen business was bought at 1.5X revenue, and that business was not as valuable as ABTL's for various reasons. So, ABTL is worth at least $2 a share now in a buyout, but I would think it would fetch $3.45 a share from a strategic buyer (around 2.5X Enterprise value to sales).

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    • I've heard your kind here many times before. Same old rhetoric, nothing new.
      We can argue the point of whether or not the company should be sold, and what we have to say won't matter a single bit.
      For me, I'm holding until it gets up to where I'm convinced it should be, and that's not $2 or $3. We're all allowed to do as we please.

    • Good to see a discussion here again. Messages have been dead for some time.

      Having said that. I side with not selling. Nothing wrong with day trading. But, this is a company that has been rebuilt and its value is not reflected in the stock price. Wall street is just saying show me. The company is performing. Stock will follow. Happy for short term investors to get a profit. Sell. Just don't go begging to get the company to find a buyer at discount prices.
      In fact if you have done your homework on this company they have hired firms to find a buyer in the past. Now that the company is turned around is hardly a time to sell it off.

    • I should mention that their 2012 results could really surprise to the upside because advertising revenues should go up significantly, with very high margins.

      I think Coats is low balling margins at low 40's.

 
ABTL
8.62+0.21(+2.50%)Aug 21 4:00 PMEDT

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