Am I reading the reports right? I thought for sure they would have a good quarter given the explosion in auto sales. If net income did fall, this is bad news because the rest of the auto industry had a remarkable quarter in terms of sales. Why did the net income decrease from Q4 2011?
Net income didn't really fall, it was basically flat. Need to take out one-time charges/gains etc. That said, I agree, it is disappointing that revenues and earnings were not alot higher given how strong the auto market is. They need to hire a new salesperson for advertising sales. It is ridiculous that they had a measly $859,000 in advertising sales in the quarter. Auto advertising is booming.
I repeat my assertion that the company must be sold. That is the only way to create value for shareholders.