ABTL Management needs to wake up and get aggressive. They once threatened to sue any manufacturer that tried to illegally enter the state franchise law protected "dealership sales" channel, and Fed and State Laws also prohibiting automakers from anti-trust/price fixing by encroaching the marketplace of selling cars, thats why we have dealerships (online or offline), These laws and regulations are both federal and state laws: all 52 states prohibit the big automakers from selling cars directly. ABTL needs to also go head to head with carsdirect, currently they are getting all the public relations exposure and "FREE" advertising of their site as the only direct car purchasing site, which is not true, only NAVIDEC's (NVDC) driveoff.com does the whole package, the rest are just dealership referrals any way you look at it, and ABTL autobytel.com needs to also provide the full package. (Fire the PR dept and hire someone who can tell the story better and more often, this helps sales and shareholders both). I own them all, but would like to see ABTL wake up a little bit, since they are the first they ought to have more market share and VISIBILITY than their $15 share price indicates, they ought to easily be a $60 stock. However, they are not getting their message out. Maybe the shareholders need to wake up management and tie their stock options AND PAY based on performance of the stock and company financials, maybe because they own a large chunk of the outstanding stock they are just comfortable as things are, that kind of lazy-derrier complacency could cause them to lose the whole company while they are asleep at the wheel. Lets gets this company shifted in high gear!!!
I am,
Truly yours,
-Crystal Ball |
