Snapshot of company - Online classified car sales in mainly Mexico/Argentina, but have Ecuador/Peru/Panama have $40m cash on hip to ramp up advertising with advertising/online & direct dealers (ie take pictures of all cars with pretty girls) Their potential audience 200ml people
Mexico new car sales rising 20% each year & big gains in online penetration
Last years revenues $7ml
Listed comparisons are
ICQ AU who had $2ml revenue & wow "a $212ml market cap"
CRZ AU EBITDA $140ml & a $2.4bl market cap, & 20ml aussie audience.
No.s to watch out for are quarterly increase in users etc
& big blue sky is if MNA either strategic buyer or a takeout, but would look for that down the line once these guys spend some money & do some work.
Am long & did take some in IPO obviously surprised its down, but in this name to run 300>400% to get a peer comparison valuation which think highly doable - all in all its cheap down here.
Black out on research, comes off in 3 days from Canacord - sure everyone can figure the lack of noise.
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