DUBL | DubLi Stock Getting Investor Love After Name Change

DUBL Stock, DubLi.com Inc., DubLi Stock, DUBL sharesAfter changing their name and ticker symbol from MediaNet Group Technologies, Inc. (MEDG) a month ago, DubLi, Inc. (DUBL) is getting some love today. The OTC version of eBay, DUBL stock is trading at a ridiculous 0.49 Price/Sales ratio simply because they are soon to release their 10-K for fiscal 2012 after reporting $201,416,736 in revenues for the first nine months of their fiscal year. With more sales in nine months than Awesome Penny Stocks pumps a promo in one week, this Company is a must watch for value investors.

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DUBL Stock, DubLi.com Inc., DubLi Stock, DUBL sharesDUBL Stock Chart

Market Cap: 122.72M
Last: 0.33, up 0.05 (17.86%)
Volume: 854,712
Dollar Volume: $295,453
High: 0.375
Low: 0.2599
Trades: 43
Average Trade Size: 19,877
Authorized: 500,000,000
Issued and Outstanding: 371,864,326

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The revenue numbers for the three and nine months ended June 30, 2012 for DubLi Inc. are ridiculous compared to the same periods last year. $151.94 million and $201.42 million, respectively, versus $8.12 million and $14.18 million, respectively. That’s an increase of 1,771% and 1,320%, respectively. However, gross profits for those huge sales increases were actually lower than they were in 2011 for both periods — considerably. (see here)

Regardless, those numbers are better than half of the reported revenues for big board listed companies, let alone for the OTC. The upcoming 10-K will be a major catalyst for DubLi’s penny stock to see some serious attention paid to it which may even bring on some buyers looking to take over the auction site. Speculation of this can be attributed to the Company’s recent decision to change the voting structure of DUBL stock in order to avoid having it taken away from them.

About DUBL Stock

DubLi, Inc., through its wholly owned subsidiaries, is a global marketing company that sells merchandise to consumers through Internet-based auctions conducted under the trade name DubLi.com. The Company’s online auctions are conducted in Europe, North America, Australia and New Zealand and a global auction portal serving the balance of the world.

Click here to view the SEC filings for DUBL.

Bottom Line: DUBL is one massive money generating penny stock to watch. Compared to other penny stocks, DUBL stock has the greatest chance of being acquired by a cash rich company looking to grab the revenue numbers DubLi.com is bringing to help pad their own sales and satisfy shareholders.

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