We've all heard about the proverbial cockroaches that will apparently survive a nuclear winter. True, they may be mutated cockroaches, but they are still alive.
A similar thing has happened after the Internet nuclear winter. The survivors have mutated and are now growing at a brisk rate. One such survivor is Autobytel
Last week, Autobytel reported its quarterly earnings. In the second quarter, the company posted revenues of $31.5 million, which was a 27% sequential increase from the prior quarter. It was also a 45% increase from the same quarter a year ago. The company also increased EBITDA by 31% from last year to $2.2 million.
Currently, the company is the leading Internet marketer for the automotive industry. A significant part of the growth has come from savvy acquisitions. For example, in the past quarter, Autobytel purchased iDriveonline and Stoneage (which owns Car.com).
Like other e-commerce plays -- such as Priceline.com
Moreover, Autobytel could be attractive buyout bait. Last week, the company also announced the implementation of a "poison pill."
While this may sound like the company does not want to sell out, the opposite is usually the case. A poison pill can be a great way to get a buyer to pay a higher price. Interestingly enough, the introduction of a poison pill may actually be seen as the company indicating it is "in play."
Fool contributor Tom Taulli is the author of The EDGAR Online Guide to Decoding Financial Statements . He does not own shares in any of the stocks mentioned.
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