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October 18, 2005

SpeculatingStocks.com Stock Pick: Audible, Inc. (ADBL)

Stock Price: $11.29


Audible, Inc. provides digitally delivered spoken word audio on the Web. It offers spoken audio content, such as audio versions of books, newspapers and magazines, original productions, and public radio subscriptions.

ADBL currently has a 52-week high of $30.65 that was set back on December 16th of last year. ADBL is down 63% from that level and receiving buys from the investment community. Citigroup placed a "buy" rating on ADBL and a $17 target also Motley Fool is always commenting on ADBL.

Revenues have grown year over year from $12.4 million in 2002 to 19.3 million in 2003 to $34.3 million in 2004. Revenues for the most recent quarter were $15.9 million, profit came in at $824,000.

Audible.com is an amazing service with so much potential, the problem is that not enough people know about it. Once word spreads, people will begin more and more listening to audio books on their iPods


 
     
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