Message 9993505
I agree Jason, NVDC Navidec's DRiveOff.com looks like it is proving my assertion that it will be one of the Four survivors in the online automoile purchasing market. $1 Billion is a lot of loan money, that is to guarantee that many sales, PLUS the sales that buyers have from either Bank One (ONE) or their other lenders. This is another $1 Billion that would not be allocated by First Union or Westar, unless they thought that NVDC NAvidec's driveoff.com website would use up at least this much money on buyer/customers. Its better news than ABTL or AWEB press release on the $1M sales per hour, which doesn't tell us anything about their (Rather than the dealers) cut of the sale money, and what impact it will have on their revenues. $1 Billion in loans through Navidec's DriveOff.com site however, sounds like NVDC will get an extra revenue stream here. I still say $19 short term, and once the new models are all out, and buyers are buying, $25, and then market attention will drive NVDC and all the publically traded stocks much higher when people realize that 52% of all classified ad revenue is automotive, and all the other internet models, (like YHOO etc) that are advertising driven, missed the BIG BOAT and thats AUTOS.
I am,
Truly yours,
-Crystal ball
I am, |
