It is unfortunate that ABLT has bad timing. Even though it generally take 10 days or so for news like this to perculate the financial community, with the IRAN threatening the Gulf and the possibility of Obama being relected - market forces are not ready to appreciate this stock. I will be happy if we can just cross over to a buck for now.
I agree. It's absurd, especially with current Internet valuations. After seeing Insweb, another lead generation company taken out at 1.5X sales (Note: Insweb was in insurance, not auto, but the business model is essentially the same), I figured ABTL should be much higher.
Hopefully, the profitability announcement will start bringing attention back to ABTL. So many people have been burned by this company over the years, it will take a few good surprises to bring back the faith.