1. This Company has long term real growth potential. The on-line sales market is huge. (60 Billion) If they can just capture 1/240th of that... that is 250 revenues. Their GM rate looks to be about 50% based on PR details.. so you do the math
2. Also another thing that supports the above is the fact the Company they are merging with completeauto has sustained its growth through income from continuing operations... i.e. no debt! that is great
3. This doesn't appear to be a going concern. Just is a new little baby start up trying to get on its feet. Takes time and patience.. but PATIENCE PAYS!
I was reading some of the posting back at 7/7/06 to 7/12/06 on the cshd board and it looked like they were going through some of the same thoughts we are . To me thats reasureing . B/C right after that it was a rocket ..
Maybe some of my CSHD money will bring you luck, am am in and will try to hold it (with FOK orders). I am still riding free over there. I will have some info tomorrow. (CSHD has been a wonderful opportunity, buying into the weakness and selling into the strength) got in CSHD @ .16.