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It's all stevedakota's fault. He didn't use ABTL's services.
stockdoc
As long as you have some money left, ABTL is still your friend. Either buy their stock, or just send it directly to them. Jeff Coats needs the cash to buy his new Bugatti. Let's not let him down.
lmao, they already got my money! with a "no return" on my investment i might add.
That's a likely sounding story!!! All will be forgiven if you buy a car through ABTL within the next ten days. ABTL needs your money!!
Stockdoc.
i actually sifted thru the listings on autobytel first
Take it back, get your money back and use Autobytel. How do you think we're going to be able to afford Coats and his BOD if you don't do business through ABTL. Shame on you.
stockdoc
i just bought a used pickup saturday i found on autotrader,lol
Moi. I am a long time bagholder. Feel like I am a grandpa in terms of bagholding time.
For what it's worth. The institutional holdings have been going up for the last month or so. They're just edging up, and might be worth noting.
As far as I'm concerned, all the rest of my feelings about ABTL management remain the same. Maybe Coats and his gang of accomplices will do something with this company...like maybe sell it to another company that will do something with the company besides taking millions and leaving the crumbs for the shareholders.
stockdoc
I know how you feel. The news always talks about how the market's going crazy, and ABTL can't even make it to 90 cents presplit. The one thing i can tell you is that the Dow Jones averages is a bunch of crap. Every time a company that's part of the Dow average screws up, they replace it with another company that's doing well. The Dow, to me, doesn't mean anything anymore. Just some more hype.
stockdoc
its awful painful havin money tied up here with the market doing so well. although i still think we have some upside? any other bagholders still here?
ABTL now stands at 81 cents pre-reverse split price. Good going ABTL management.
Coats better stay away from the Riley presentation. His presentation will drive the price down to $2.
stockdoc
VOTE....the meeting is coming up June 20th.
For me, I'm voting against any and all of the current board. They've been screwing shareholders long enough, and maybe it's time to get rid of them. For whatever good it does, I'm voting against the current BOD.
stockdoc
The only thing that I heard different on todays webcast was the spot ads on the radio. I take you back to the old days when ABTL spent a ton of money on that nonsense before. ABTL was rolling in cash from their IPO and bought time on the Super Bowl ads. They did basically nothing.
Then, they started throwing money around here, there, and everywhere trying to get the publics attention. They even tossed a pile of money at one of the symphony orchestras. They only thing that they got for that was a seat in the audience for the CEO.
Right now, ABTL's stinking of desperation. Start spending their cash on this, that, and everything to try to squeeze out a few extra pennies on the bottom line. This isn't the way to run a business. The only good thing they had was a pile of cash, and now they're figuring out ways of eating that up. What it sort of comes down to is that there just isn't that much of a need for their business. Their main competitor, Autoweb found that out the hard way. They went out of business. This is a lot like Sirius radio and the old XMSR, a competitor of Sirius. XMSR finally had to sell out to Sirius. Just not enough of a market for their product.
No dividend, not much of a market, and the only thing that Coats can come up with is radio ads. I'm really finding it hard to see that ABTL has a great future. Todays CC only got one commentator, and he really sounded unhappy. If anyone sees any reason to stay invested here, please let me know. I'm ready to call it quits.
stockdoc
Geronimo please post analysts' commentary tomorrow. Thanks.
Yes. Basically no dividend.
I think there were sufficient positives in the inline report to keep the stock above 4.
Geronimo will have hopefully updated us with analysts' commentary tomorrow.
Crappy report, crappy telecom, crappy response to Apollo inquiry. ABTL's on life-support and in a coma. The company's great for Jeff and his gang of legalized thieves. Not good for us.
In any case, no dividend. Jeff didn't have to say it outright, but that's what it comes to.
I see big sell-off coming over the next couple of days.
stockdoc
Dividend question was asked again at the conf call. And we got the typical response. "Board considering options".
Atleast the topline increased. And so the stock will likely stay above 4 till next quarter.
Let's see how the conf call goes.
Same old stuff. Time to look for something better to invest in.
Stockdoc
It's a sad thing to see. This stock can't even make it to 90 cents presplit. From what I can figure, they will be reporting 4 to 5 cents a share profit unless they come up with another one of their one-time expenses like they've done so many times before.
Their annual meeting for shareholders is just one big give-away. Unfortunately, it's going to be one of those deals that the current BOD gets two of its current members reelected, and more "incentive pay" for their employees. That's more out of our pockets for doing work that they should already be doing, but then, whoever said that the shareholders count?
stockdoc
i hope this thing holds after earnings
Just look at all the excitement! Everyone's really waiting on the edge of their seats about ABTL's upcoming earnings announcement. Please, everyone, control yourselves.
Stockdoc
Almost moving at a geological time scale, but nevertheless analysts'expectations are slowly trending higher. Two sequential 17m+ revenue qtrs (last and current quarter) are expected. When was the last time we saw ABTL deliver that?
Without substantial topline/bottomline growth, the usual parade of analysts will continue. Which means, new analysts every now and then, initiate coverage with a buy on valuation and about 6 to 8 quarters or so later throw in the towel by slowly reducing price targets. Last 2 to do so were Craig Hallum and Roth.
If HE doesn't deliver in coming quarters, then I expect Ascendiant's Montana will likely throw in the towel too.
Remember, that a few senior management were let go and that helped the bottomline in recent quarters. Else there was nothing really here in terms of the bottomline, for most investors to be excited about.
My question is, "is this company just going to continue making a few cents every quarter with nothing better in sight"? If that's the case, then there's no point holding this stock any longer
stockdoc
Analyst's expected revenue numbers for last qtr and current qtr.
17.63M 17.12M
Source: Yahoo Finance.
Earnings call on Thursday/May 2nd. HE will probably be asked about the dividend and I expect HIS typical response. "All options are on table".
The Board's options and actions haven't produced any bloody good results for the last few years for the shareholders. Nasdaq QQQ at 70$ and we are struggling to stay above 80cents/4$.
GLTA for next Thursday. Revenues better be near 17m mark or else we risk breaking below 4.
That would be a big plus for ABTL. At least, ABTL would be doing something or than sitting around and watching the world go by.
As far as a dollar a share special dividend, it would be better to break that up into two half dollar dividends issued in two calendar years from the taxation standpoint. Funds would be hit hard (me too).
Where did you hear this rumor if you don't mind me asking? I'm totally out of the rumor loop.
stockdoc
Special Dividend - I heard a rumor that ABTL is considering doing a $1 a share Special Dividend. Anyone heard anything? If so, that would be great. We would get $1, and stock probably won't even go down, would be in same place after a couple of weeks. And with ABTL's cash generation, we don't need all that cash on balance sheet anyways. It might be a great idea. If anyone has heard anything or has views, please let us know.
I'm sure the abtl traders lately
are making big money, lol!
Relocation Expenses
How can $500,000 in relocation expenses be justified for one executive for a company the size of ABTL? How can the Board and the compensation committee justify that? How can large shareholders like Coghill accept that?
Should not be a stand-alone public company
The management compensation, bonuses and relocation expenses vs Net Income earned for the whole year of 2012, and even EBITDA, just prove once again, that ABTL should not be a stand-alone public company. The numbers will not work. The company is worth much more as a private enterprise or a division of a larger public company. Management has done a good job with the turnaround, but the numbers do not work as a public company. What these compensation figures versus stock price action in last 3 years prove is that the company is being run to pay management. I do not believe that management has done so deliberately, but these are the facts. If the stock had appreciated to $10 a share during this time period, we would have all been happy and would not complain. Large shareholders hold the cards here, let's see what they do. And hopefully management does the right thing soon.
Well, to get things going, I've contacted three of the largest shareholding funds. If I see any interest on their part, I'll continue and contact the other funds holding a sizable number of shares.
stockdoc
After seeing ABTL's proposals, I figured it's about time to try to rally some support to set things right at ABTL. Maybe I'm over-reacting, but it looks to me like ABTL management thinks the shareholders are just a bunch of idiots who will go along with anything they throw out there for a vote.
I know what will happen if we do nothing. Let's see if we can convince ABTL to do something for the people who have their money invested in this company.
stockdoc
It's encouraging to see you, Doc, fighting a good fight, but I think those bloodsuckers are too comfortable to lose their nests. ABTL is a continuous story of "nothingness". Same ol' every quarter. Same reasons. The only hope - buyout - can happen today or in 10, 20, 30 years from now or... never. Meanwhile, money locked up in ABTL is dead money IMO.
Excuse me, the meeting's on June 20th.
The next item....Re-election of Fuchs: absolutely and positively NO: dump him and the rest of the blood-sucking BOD. They're doing absolutely nothing but taking our money, and doing nothing for it.
Unless all of you shareholders want to sit back and watch current management take more and more of your money, I urge you to write to Coghill and some of the other large shareholders and urge them to vote NO on these issues that allow ABTL management to legally steal your money and do nothing iin your behalf.
Stockdoc.
June13th meeting and votes: Proposal 5: I Hope everyone votes NO. Can't anyone do their job without having to be bribed to do it? When's the last time anyone of us had to be promised big bonuses to do a good job. This is just a damned poor substitute for managements inability to motivate employees. Just another reason to dump ABTL current management.
Stockdoc.
Nothing short of the equivalent of a financial nuclear detonation will get this stock moving. My guess is that they're saving that cash ($15 million) to eventually take this company private. Coats doesn't like this company being on the stock market and has said that a couple of times. They've already bought up part of the stock that was on the open market, so they already have a head-start. He's stated that it costs too much money being registered as a public company, so at some point I expect an announcement that they're going to go private.
If they don't go private, they'll still do fairly well. Predictions for their profits are more than double what they currently are. Of course, there's a lot of variables in that equation that no one can predict.
stockdoc
doc im still waiting for a news flash "abtl sells company". but im sure that wouldnt even move this stock,lol!
Dow Jones...at record high. Nasdaq...Up to several year high. ABTL....still at where it was presplit. I don't even want to think about how much I've given up by staying with ABTL over the last year or two. Thanks Mr. Coats for your concern about shareholders. Well, the BOD is happy, and that's what really counts....right?
stockdoc
New quarter for funds and ABTL didn't have much money flowing into the stock, based on volume over the first 2 days of April.
I'll be happy if stock keeps floating above 4$ till next earnings.
The big problem is that ABTL can lose all its gains in a couple of trades. Coats & Gang has to come up with a good strategy in the near future or the funds are going to start doing some serious selling of their holdings.(currently at 48% of the outstanding shares)
stockdoc
So, essentially, Coats is saying that there's not much good that we can expect to see as far as boosting ABTL's business. That's the way I see it. Any increase in business/revenues is going to have too come from the what they already have. That's not all that bad, but nothing spectacular.
They have several avenues that they can pursue with their business:
1) just continue as they are
2) sell the business
3) merge with, say, Kelly or Edmunds
4) go private
Anything else anyone can think of?
Coats has mentioned about doing minor acquisitions. He would be killing his golden goose if he spends most of ABTL's cash on a risky, big acquisition. So that gives me some comfort that ABTL's cash may be "safe".
im surprised it closed at 4.34 given we have a three day weekend coming with good friday tomorrow. im hopin for better days come april as well!
YTD gains for ABTL, about 8% as of today's close, as stock closed near 4$ on Dec 31.
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