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Yes dividends can change the optics for ABTL and will attract more investors. If annual earnings are 20 cents. And they give that back to investors as dividends, the dividend yield on this 3.5 stock will be a decent low single digits. Surely then, the stock will be attractive to dividend type funds.
Yes, correct. Price target are like road signs for investment funds/investors, they indicate the direction and *atleast* how far in that direction a stock *could* move within 12 months of target price issue. This is the meaning of a price target.
Target prices are not the *utmost* or highest price for a stock in a 12 month time frame. Though, often, incorrectly they are interpreted that way.
That's correct. Price targets are prices that analysts think a stock can attain in 12 months from the date of target price issue.
That is right. And targets can get revised upward if ABTL can get its act together and deliver good numbers.
Autobytel target lowered to $6 from $8.75 at Roth Capital
Roth Capital reduced its target on Autobytel after the company reported weaker than expected Q2 results. The firm is cautious about light vehicle sales in 2H12 but it maintains a Buy rating on the shares
http://www.theflyonthewall.com/permalinks/entry.php/ABTLid1683365/ABTL-Autobytel-target-lowered-to--from---at-Roth-Capital
I was just going to write more or less the same. Well put, Geronimo.
For me, valuation* and the fact that Coats acknowledged recently that it is too small a company to remain public and might sell it in the near future.
Valuation*: Now this can easily change if poor acquisitions are made with lots of debt.
I will buy more if someone dumps at lower prices. I haven't bought today. Have low orders in place.
You have to be super patient and careful with this stock, as with any.
The cost saving from the resignation of the 2 execs will add, going forward, 2 cents per qtr to eps. And in their weakest June qtr, ABTL posted 2 cents eps. So, ABTL should be able to deliver 4 cents per qtr as long as it atleast meets the weakest June qtr numbers, every quarter.
Annual eps at a minimum of 16. And book value is 2.6.
Looks cheap to me.
1)Well said doc. Always impacted by something or the other. Quite frustrating that they are struggling to break past 16m quarterly revenue. I'll hold/trade for a few years, just because it is cheap. Not willing to throw in the towel, here. I hope meanwhile he doesn't make any poor acquisitions.
Historically, this is their weakest quarter and in that regard revenues were still close to 16m, a slight positive.
http://www.google.ca/finance?q=NASDAQ:ABTL&fstype=ii
2)Look at the analyst estimates! Will they make it? I doubt it. Stock will be range bound, with a downward bias, I feel, until they do something special in the coming quarter, which they are saying will be *strong*.
http://finance.yahoo.com/q/ae?s=ABTL+Analyst+Estimates
3)No congrats on the conf call from any participants. I guess there was nothing to get excited about.
4)Coats should sell the company. And stop milking it. His annual compensation alone costs about 9 cents in eps.
Conf call found here at 5 pm ET:
http://investor.autobytel.com/events.cfm
Headlines are ugly.
http://www.streetinsider.com/Earnings/Autobytel%2C+Inc.+%28ABTL%29+Misses+Q2+EPS+by+2c/7627533.html
Autobytel, Inc. (NASDAQ: ABTL) reported Q2 EPS of $0.02, $0.02 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $15.7 million versus the consensus estimate of $16.59 million.
Let's see what Steve Dyer of Craig Hallum says at the conf call and
in his report later tonight.
Business Outlook: Autobytel said it anticipates single-digit revenue growth for 2012, as well as more than doubling of net income year-over-year.
All I know, is I that have never lost money buying ABTL around here numerous times. The price uptick will eventually come.
Ignore the daily price movements if you can. Or trade them. Take it quarter by quarter. Have a long term horizon. Buy here and more on weakness.
Based on the numbers of shares traded in the last 3 hours, I say not yet. Seller had 50k shares.
I did my part with a few k shares
http://www.nasdaq.com/symbol/abtl/recommendations
And you can google search for ThinkEquity upgrade.
All these really doesn't matter, as they are in the past. As, far as I am concerned, Coats should deliver and I would like Steve Dwer do an upgrade.
It is a matter of perspective. If Ascendiant was telling its clients over the last few months to buy with a target price at 10. And then just ahead of earnings slashes the target to 7, *some* funds might not like that as each fund has its own investment criteria. Percentage wise that's a big slash. Likewise percentage wise it is a big gain from today's price to target price.
Target price revisions affect a stock, in my experience.
It's upto Coats to deliver tomorrow.
That seller is still on. Seller placed a 50k sell at 3.66 and when the bids dropped to 3.50s, the sell price was moved higher to 3.75.
Roth Initiation.
http://www.streetinsider.com/New+Coverage/Roth+Capital+Starts+Autobytel+%28ABTL%29+at+Buy/6721529.html
This might explain a bit why the big seller is selling. Ascendiant actually slashed target from 10 to 7.
http://www.dailypolitical.com/finance/stock-market/ascendiant-capital-markets-sets-autobytel-price-target-at-7-00-abtl.htm
Investment analysts at Ascendiant Capital Markets dropped their target price on shares of Autobytel (NASDAQ: ABTL) from $10.00 to $7.00 in a note issued to investors on Wednesday. The firm currently has a “strong-buy” rating on the stock.
Autobytel opened at 3.84 on Wednesday. Autobytel has a 1-year low of $3.35 and a 1-year high of $5.30. The company has a market cap of $35.2 million and a price-to-earnings ratio of 28.44.
Separately, analysts at Craig Hallum downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a research note to investors on Friday, May 4th.
Autobytel Inc. (Autobytel) is an automotive marketing services company that helps automotive retail dealers (Dealers) and automotive manufacturers (Manufacturers) market and sell new and used vehicles through its Internet lead referral and online advertising programs.
There is no denying that the stock is cheap. It is hard to see, how one will not make money by buying here. Buying at 75 cents and selling at 1 has worked well for awhile now.
Would be nice to see the 100% price target gain from here get realized.
This stock has been a value trap for many funds. Hence, even now at this ridiculous price there are sellers. EV is just 30m and still funds are willing to dump.
Good to see one more firm get onboard. But, I wouldn't get too excited having seen what the 3 *new* buy recommendations from Roth, B Riley and ThinkEquity did to the stock earlier this year. Basically nothing apart from a short term uptick to high 80's and low 90's on the days following the buys were issued.
Hard to believe that the clients of 3 firms, couldn't move the stock.
That's why I say ABTL is a special stock. Unless earnings really improve nothing will happen. Outright company sale would be a bonus to *long, long * suffering shareholders
Ascendiant target is 7, which equates to 1.4 pre split. Far from the 3$ that Steve Dyer had. It is close to 1.3 that the B Riley analyst has.
Again, slashing overhead will move target prices higher. Numbers will have to improve. No way out. Otherwise we will be treading water. And frustrated funds will pummel the stock.
Tsunami alert. Tsunami alert. Big sell order at 3.75
Not really much of a difference. Long term direction of price movement is ultimately decided by earnings. But on the day of earnings, releasing pre market *might* see a bigger pop/drop as traders are fresh for the day and looking to put on a trade.
What an ephemeral rally. Back to cryogenic freezing at 3.6 degrees.
You can check the trades that took place here.
Type in ABTL and change the drop down to Trades and hit the go button.
http://www.quotemedia.com/results.php?qm_page=36765&qm_symbol=ABTL
Dr. Coats will be on duty on Thursday, attempting to revive the stock.
Probably Mars has more life than ABTL
Cryogenically frozen between 3.6 and 3.75 degrees celcius.
ABTL is another stock that I trade. It is very cheap and will play out well in the long run. Earnings this week. You can add it to your watchlist. It is an acquisition candidate.
Funnily, Well said.
The day of reckoning is almost upon us. Will we crash to low 3s or rocket through the 4s into the stratae of 5s? With pilot Jeff Coats at the helm, who really knows.
That has to be one of the funniest comments that I have ever read. And it could very well be true, considering how miserly they have been with their insider buying.
1)ABBYY is a Russian company. Here are some details:
http://en.wikipedia.org/wiki/ABBYY
No idea what biz model they have with ABBYY.
2) Some info on Martin Boliek the CTO of DCMT
http://www.linkedin.com/in/boliek
http://www.facebook.com/boliek
3) Ask David a) on having any plans to do a buyback. b)why management is not buying shares in the open market if outlook is so rosy. c) To increase company awareness, maybe they can present/talk to http://www.singularresearch.com/ or http://www.redchip.com/
I sent him an email a couple of times and I didn't get a response. I guess the email link is not working. I do not have his direct email. I suggest better to call him in case, you don't have his email address and are planning on using the newsire email contact form. I used the latter and got no response from him.
Nuance is a big company and can gobble up DCMT in a buyout scenario like a blue whale eating a plankton.
Thanks for the link
Thanks for that link.
What I like about the link is that the company description has the word *profitable*.
"Document Capture Technologies (DCT) is a profitable organization with startup energy and growth"
Alas as they hire more people, the bottomline will be weaker despite topline growth. About a year ago, one investor at the earnings call was kind of asking where is the bottomline improvement? He was unhappy about the talk of topline growth without earnings improvement in a meaningful way. Mngmnt said they need to hire for new growth areas, for the future.
A quick recap of what was said in the last earnings report.
////
DCT's financial position remains strong, with no debt, working capital in excess of $5.6 million in Q1 2012 versus $4.6 million in Q1 2011, and available borrowing capacity of $2.0 million. This is the Company's 10th consecutive same quarter year-over-year increase in revenues.
"Following record sales in 2011, DCT has once again posted gains year-over-year in revenue, gross profit, EBITDA and working capital," said David P. Clark, Chief Executive Officer of Document Capture. "The first quarter was a solid start to 2012 and has allowed us to continue our commitment to developing and expanding our product line and maintaining our industry-leading position in the market place. DCT has reached a point where we can substantially maintain our cost and fixed overhead, while continuing our growth, which we expect will in turn dramatically increase our bottom line in future quarters."