AAC,,,,Ref.: AAC,,,,,just came in,, read below,,,
URGENT TRADE RECOMMENDATION
Sent to our Paid Subscribers One Trading Day Earlier
TheStockGuru.com - StockGuruNews.com
URGENT TRADE RECOMMENDATION:
ABLEAUCTIONS ONE MORE TIME...
AND FOR GOOD REASON!
Below you see one of my old favorites. The news is getting better and better. The financials are getting better and better. ABLEAUCTIONS (AMEX: AAC) is a natural at Monday's close. Let's look at our LAST recommendation:
Recommendation for Thursday, September 11, 2003:
URGENT TRADE RECOMMENDATION
AbleAuctions.com Inc (AAC)
This is easily the most undervalued stock under a dollar. While many of my recommendations are meant for short-term gain, I really believe that AbleAuctions.com is the real thing. It is a company with well-improved financials, a leading edge concept in its business, and a stream of continuing good news. Why is did it close in the $0.40's for the nine consecutive days until today? I just don't see it.
The financials:
We will do these in bullet-points:
Compare the quarters ending 6/30/03 with 6/30/02. Net income is vastly improved.
With the recent financing, this company has plenty of cash to work with.
Look at the improvement in total stockholder equity. There is just so much improvement going forward when you go back four quarter.
The Auction Business:
AbleAuctions.com is on the leading edge of their industry. While there are many PR's coming out of this company, and we are all getting very used to each and every one of their releases, the net affect of all of this is summed up here:
http://biz.yahoo.com/iw/030723/055723.html
In that release from a few weeks back you see that quarter three is going to do outstandingly well. This is a peek at earnings. Count the ADDITIONAL PR'S about auction clients and you have to believe it has only improved.
The Potential:
AbleAuctions.com is massively undervalued. These targets may look aggressive, but I think they are reasonable. While we typically recommend our members hold for a 20% gain and release their shares... this time we are making a longer term recommendation.
We recommend holding through AFTER the next quarterly reports. We believe that AAC is likely to be in the $2 range this year. If the momentum continues, we see the $3 range this month next year. This is up from earlier estimates.
TARGETS
End of year: $2.00
One year: $3.00
ORIGINAL RECOMMENDATION ISSUED: September 10, 2003 - 9:41 PM EST
Recommendation issued to PAID SUBSCRIBERS at 9:00 am EST on 9/10/03.
Let's read just some of the news from Friday's 10QSB:
"Gross Profit. Cost of goods sold were $106,899 for the three-month period ended September 30, 2003 as compared to $28,692 for the three-month period ended September 30, 2002. Gross profits were $128,801 of (or 55% of revenues) for the three-month period ended September 30, 2003 as compared to 67,929 (or 70% of revenues) for the period ended September 30, 2002."
I believe people are going to wake up and realize that ABLEAUCTIONS is massively undervalued and now fully in a successful turn-around mode. When they do, this will be above a dollar in days. When they see it again next quarter, look out for $2.
While it is not likely to make $2.00 at this point strictly on technicals, I would be comfortable giving it a six month $2.00 goal. I will give it a $3.00 one year goal.
Thanks,
John
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