This is way too strong of a company to get this kind of punishment in one day. I believe we will see a rebound.
Oh yeah! I would not be surprised to see this stock close at close to 24.50 today. I can't belive this, wish I had more dry powder! Loaded up at 22.00.
When you surprise the market with lowered guidance the piper has to be paid.It will likely eventually settle back down to a single digit multiple alongside all the other disappointers.
I did the math on your prediction. HTZ would have to trade at $7 or lower to get it to a single digit PE -- $7/0.77 (EPS) = 9. Do YOU really think that is going to happen? Are you shorting it to your prediction price? Good luck with that.
I hope. You know it doesn't deserve a 12% sell-off. That's just 'stock market idiocy'....so I added.
just bought. definitely gonna reverse later today or tomorrow for sure, easy $$
bought more. my largest holding. i advise people to view the slides associated with today's presentation by the CEO. They provide some more color on the guidance revision.
Sentiment: Strong Buy
Load up....David Tepper just added 74 million shares this quarter.