No mate it's not just you. The business model for years has been to gouge and gouge their only cash cow, which is the motor dealer. They have for years allowed "private sellers" to advertise for a pittance with no repeat business. Btw the private seller to dealer ratio is about 3:1. The crap they have pulled of Stratton, will further antagonise the new car franchise who will eventually drop off en masse as the will not be compromised in the finance sector. All this combined with modern media alternatives such as Facebook, SEO and smarter web pages by dealers will end up biting CRZ pretty hard
All the "other investments" they made so far, such as, quick sales and any other sales.com alternatives are massive duds and will never make any money for them because they haven't been 1st market.
Im going to enjoy watching them sink more and more money int other "value adding" acquisitions while they continue to neglect their core bussines and the only thing that has actually made money for them, dealer advertising.
had this one back in 2010 for $3.85 and rode it all the way to $10 bucks, wouldn't touch it with a barge pole now. Long way to go for this one, that is DOWN.
CRZ Price at posting:
$10.50 Sentiment: Sell Disclosure: Not Held
