According to a PR Autotrader.com did over $100 million in revenues for 2003. They were responsible for over $50 billion of used car transactions. So from that I figure calling them a billion dollar company is fair.
Imagine if www.995ad.com can capture just 10% of Autotrader.com's business. Or if they can manage to get to 10% of Autotraders value. That would be at least $10 million in revenues. Tack on the additional revenues from vacations and property and other items and we are looking at a profitable company. I'd say Downs is doing a decent job of building shareholder value despite his past.