I've simply held my position and am essentially "full up."
As Turkey in Reminiscences would say, "If I sold here, I would lose my position."
Well, yes, obviously.
But by all means propound upon your reasoning in order to
gain credibility among those obviously less skilled at charts.
We are 3 cents from your target as we speak.
Did you mean to identify that level as the absolute bottom of this pullbaack?
HERC will be upstreaming $1.9 billion of cash to HTZ when it is spun off.
HTZ will use this to reduce non car-related debt to make up for the loss of earnings of HERC.
The cash to HTZ is a tad below expectations, but still good.
Did you even READ the SEC filing and the earlier letter to the Board that it includes?
Davis appears to have systematically violated securities laws while controlling over 30% of the company's shares through both his own holding and through the Rudolph Steiner Foundation (another 13% ownership).
These are egregious violations of securities law that point to a completely ineffective board and incompetent legal counsel.
So... based on the current financial performance of the company and the outlook for its upcoming financial performance, what price should the stock trade at?
What is the basis for your opinion?
Daily pull backs from the highs....
Obvious accumulation taking place.
Personally, I am full up position size wise.
By $9 I will have to start shaving back my position....a good place to get to.
The Franchise Industry Association's "Franchisor of the Year" for 2015 just agreed to take on the order of 90 stores.
it will be very interesting to see how much they get from these stores, and that will have a big impact on valuation.
We closed at $6.03 today.
The day's trading pattern was similar to that of recent days, except that there
was a second "runnup" at the end of the day before a last minute selloff that left
the price up nicely for the day yet well off the day's highest levels.
OK, the bond offering was "upsized" to $1 billion from the initial expectation of $500 million.
The company issued $600 million of 10-year bonds at 4.875% as well as
$400 million of 5-year bonds at 4.125%.
This will allow them to repay virtually all of the early 2017 maturity, assuming they still use
the term loan that was previously anticipated.
OK, today was interest rate fears on top of bad retailers.
The "Bad Retailer of the Day" was Target today.
One of the concerns that I have is that although EZPW is not guaranteeing the GF debt, there is a cross default provision from that debt to the converts.
My concern is that (substantially) all of the debt subject to those terms needs to be repaid/refinanced at (or before) closing in order to get EZPW "off the hook."
I can see that being a bit of a problem for a buyer.