I recently came across a stock that I had not thought of for at least a decade. It is Autobytel (ABTL), the one-time internet pioneer that was going to revolutionize how consumers bought automobiles. The stock popped up on my radar as I saw it just posted earnings that beat top and bottom line consensus expectations. I decided to do some further research. After due diligence, I have found the company to be an interesting investment opportunity especially as domestic auto sales are running at their highest levels in five years. Although the company never has lived up to its original aspirations, it has carved out a very nice & increasing profitable niche business.
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