We only have 11 million shares outstanding. We are profitable and management believes the stock price could hit a much higher price apparently. So, why not do us stockholders a favor. Do a dividend! We will likely have a secondary offering when the stock doubles or triples. True has a ton of share outstanding compared to us. A 10 cent/year dividend would be a defining moment in the company. True can play a game on their numbers and claim to be profitable. (But not really.) But they are a long way from a dividend if ever.
ABTL needs to be seen as solid. What can ABTL do that is as defining as a dividend. Guys it is time!
ABTL is now priced higher than TrueCar for the first time since their IPO. Wall Street Journal just wrote an article about horses vs unicorns. True is a unicorn. ABTL is a horse. Unicorn is loosing money. ABTL is making money. True is still developing software and new to them market apps.
ABTL is profitable and has a suit of applications to generate revenue. True is burnt toast.. It is not too late to join the party at ABTL.
New IPO companies get all the hype at the expense of existing competitors. They call it horses vs. unicorns.
ABTL is a work horse generating money and TrueCar is a unicorn hyping someday profit.
ABTL finally closing above True should be a wake up call to the True believers. ABTL is a diverse company today on its products to support dealers. True has a lot of catch up to do at heavy costs. ABTL is the stronger company. Just a little PR from the company could get this stock moving even higher. Unlike True that pumps their stock with PR releases almost everyday.
Hey, good news for ABTL. I was beginning to think they were too quiet for too long. Great press release and I think good timing too. Look for a surge in price shortly. First Q is expected to be bad for stocks in general; but, ABTL will just keep going strong. All we need is a little recognition and we could really move up.
I think ABTL is too old not to be paying a small divident. Especially since the stock does not appreciate at all for years. I think the best thing they can do for the stockholders is declare a 10 cent divident. It would cost less than a million a year. While ABTL trailing PE is 43 our 2015 forward PE is only 11. I think just a few tweaks could also generate some broader interest in the company. Compared to TrueCar (which is a ripoff) , ABTL is real and profitable.
Surprised no else has commented yet on the Q and Year. Or even commented on the dollar increase in price on the after market.
ABTL is everything True wants to be and isn't!
I am not a Crammer follower in general; but, boy howdy - I could never figure out why the street was hawking TrueCar. Other than an IPO is their chance to make money via commissions for taking them public.
Of course we report on Thursday. It better be good. If it was me; and things were going good. I would announce a ten cent dividend.