SwingTrade Member Forum

[MikeDDKing]

AUTO is one of my favorites stock which I think has good odds of doubling from the portfolio entry price. Here is why I like AUTO:

1. AUTO made $0.024/share in the most recent quarter. Based upon those earnings it is cheap at the current price of $0.70/share.

2. AUTO has sequentially grown revenue and earnings in each of the most recent two quarters and has grown revenue on a YOY basis for the past 4 quarters. Also, a growing economy will tend to grow this non-asset based transportation services company.

3. AUTO has a solid balance sheet including a tangible book value of $0.60/share.

4. AUTO had bullish comments in their Q3 press release. They stated: "As we approach the end of 2010, we are pleased to report strong results as we continue to recover from the economic downturn. In 2010, we have broadened our service lines and expanded our agent network as we have focused on both intrinsic and external growth. As we look to the future, we expect to continue to build on our core strengths and seek out strategic growth opportunities,"

5. Q4 is a seasonally stronger quarter and is usually the strongest.