Autobytel Inc. (ABTL)

[GeronimoApacheWarrio]

Obviously I am not happy with the quarter's results. But the call was as optimistic as I have heard Coats in a long time. The stock does not have any valuation/rationality based downside from here. It can go down if there is another fund selling and no eager buyer, but that would be more of an emotional or forced sell, rather than a rational one.

Autobytel's cash generating abilities are evident. Not one share has been bought on the new buyback. In my opinion, company should be sold, and the sooner the better for all of us. A buyer would benefit hugely by cutting on management and public company costs and afford to pay over $7.50 a share. Coats is feeling the pressure, that is the big reason he let go two of his high paid management personnel. If he does not deliver in the next quarter, Its possible that one or two of the largest holders would start giving him a hard time. He has had enough time.