Avis continues to plummet. Down over 30% YTD. Lots of volume. Shorting Avis was the way to go long Uber. down almost 60% since Hickman went short here
Debt is out of favor. This is an over levered, used car company. $13B in debt with a $3B market cap tells you all you need to know. down 30% YTD
No one wants to wait in a long line to rent a car and get asked 50 questions, then get charged $10 for a gallon of gas. Uber is killing them
in that event, what is worst case scenario? They cut dividend from 35c to 25c? Still would be a 7%+ yield and they would generate cash. Stock would probably go up in that case.
They are only burning about $1M/yr in cash or about 12c/sh. So in theory a dividend cut of 3c/qtr and they would be cash flow break even
Bought 2k more shares under $14. I think some fund must be getting squeezed somewhere else in the market and is just selling anything they can. Can't pass up a 10%+ yield
Annual Needham conference this week. Typically sees some buying afterwards
not much changed in presentation
- Looks like they don't offer PowerBox any more. That was the small/mid-tier offering. I guess that simplifies support and selling. I am guessing that small fleets are handled by the channel partners via T-Matics offering
- looks like VMS is only subscription model now. Maybe existing customers can still order the old way
- TAMs was larger than VMS as of September TTM
- in balance sheet slide says "Cash expected to stabilize as a result of improved sales, reduced headcount and better working capital management"
Key takeaway: improved sales
"Unprecedented Demand" - US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015
Submitted by Tyler Durden on 01/11/2016 21:35 -0500
While Chinese residents were lining up in front of banks and currency exchange kiosks, desperate to convert as many of their Yuan into dollars as the government will permit, Americans were likewise busy exchanging their own paper currency, so greatly in demand in China, into gold and silver.
As Reuters reports, American Eagle silver coin sales jumped on Monday after the U.S. Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly four times the amount rationed in the last five months of 2015, after a surge in demand. It will not be enough.
According to the Mint, more than half of the week's allocation of silver sold on Monday, the first day of 2016 sales, a sign that demand entering 2016 is literally off the charts.
Putting the silver demand in context, the 2.76 million ounces of silver bullion coins sold today is exactly half of the 5.53 million ounces that sold in all of January 2015.
FUN is the first and largest show every year. As it goes, so goes the year. Reports are that PCGS was backed up and unable to grade all the coins submitted at the show and had to take many to PCGS for processing. The show was busy and isles were full. Prices of coins seem to fair prices rather than any speculation. Overall, a good start to the year.
Avis down 20% in this week alone. Basically the same amount as Hickman made in TAXI in a year. Good luck covering chump. You rode the wrong pony
caseyboy2 • Jul 28, 2015 11:48 AM
Avis - buy low, sell high
I don't usually post my recommendations on this message board but CAR is looking real good at this price - 41.00.
Bwahahahahahahahaha!!!! How does it look under $30? Bwahahahahahahahahahaha!!!!!