At a P/E of 7.6x 2013E EPS, an Enterprise Value of 0.3x forecast 2013E revenues and 3.4x forecast 2013E Operating EBITDAS, Autobytel appears valued as a wildly unprofitable company with a risky balance sheet. Instead, Autobytel is a profitable Internet company, with operating metrics continuing to strengthen and a very clean net-cash, low-debt balance sheet."
We all knew that was the case. Nice to see people starting to realize how undervalued ABTL is.