AUTO is one of my favorites stock which I think has good odds of doubling from the last price of $0.77. Here is why I like AUTO:
1. AUTO made $0.031/share in the most recent quarter and $0.09/share for 2010. Based upon those earnings it is cheap at the current price of $0.77/share.
2. AUTO has sequentially grown revenue and earnings in each of the most recent three quarters and has grown revenue on a YOY basis for the past 5 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 $0.63/share.
4. AUTO had bullish comments in their Q4 press release. They stated: "2010 was a most rewarding year. As we began recovering from the downturn in the economy, we broadened our service lines and expanded our agent network. We have focused on opportunities through both intrinsic and external growth. In 2010, we experienced growth in all of our business lines and service offerings. We are poised to capitalize on an improved business environment and we will continue our agent network expansion efforts and seek out strategic growth opportunities."
Mike
SwingTrade is my favorite board - #board-1781
Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.
