Autobytel Inc. (ABTL)

[stockdoc68]

The stock's going to do a reverse split. 80% of the shares voted in favor of doing that. Results: the market doesn't like that.

Coats gave a positive outlook for the whole year. ABTL will continue making a profit: Results: the market doesn't like that.

Coats is giving dog and pony shows: Results: the market doesn't like that.

ABTL's raking in cash and has about $11 million on hand. Results: the market doesn't like that.

ABTL was close to a dollar (in fact, they hit $1.52 intraday) before they were making any money. Now, they're making money and the stock's .75. Conclusion: the market likes it better when the company's losing money.

I don't get it. I know the company's somewhat screwed up, but they are making more now than they did a year ago, but it's not reflected in the price.

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