think long term. No one will need to ever rent a car again if on demand is ubiquitous. Your rental car probably sits idle more than half the day and you may even need to pay for parking. All the hassle.
Driverless Uber cars will be the end for Avis and Hertz. Driverless Taxis will survive. Avis and Hertz will not.
BTW - ZIP has barely grown since Avis took them over. If they invested the $500M into Uber when they bought ZIP, that $500M would be up 10X-20X
15% on top of last year's Q1 is $11.2M in revenue. If they can't beat that after so emphatically stating they would, then all hope is lost. They also need to reduce SG&A and R&D expenses which were high due to IDSY 2.0. Margins need to move back toward historic 50%.
I know one of these times this strategy will not pay off as the stock will move higher but it sure is looking like same ole same ole
Easy money to sell near $7 and buy at $6 or less every quarter
not a good omen. Considering how these guys blab info, you would think there would be a runup if things were good. I'll buy back what I sold near $7 under $6 and pocket the difference
you guys all realize that it in 10-20 years that cabs and Uber cars will be self driven, right?
All the Uber guys will be out of business, taxi drivers out of business, and without drivers, fares will be lower. So you can either own a Medallion and still have a business or not.
another article. Motley Fool
Autonomous cars are coming, but it is not the only trend changing how we travel. Ride sharing is also bringing disruption to the transportation industry. Eventually these two trends will combine into a single dominant megatrend. I have already pointed out two stocks to buy for our autonomous future, but this article is about two stocks to avoid in an industry about to be turned on its head: car rental.
At a brief glance, there is a lot to like about car rental stocks Hertz (NYSE: HTZ ) and Avis Budget Group (NASDAQ: CAR ) . The industry is an oligopoly with pricing power. Used-car prices are high, providing a sizable boost when turning over rental fleets. And as stocks, they are -- Avis in particular -- not just dirt cheap, but subterranean cheap. However, these stocks are a classic value trap. The ground is shifting in this industry, and even well-managed players will find themselves in trouble if they are not aggressive in identifying and combating the threat of ride sharing. I found it stunning that in the most recent set of conference calls from Hertz and Avis, Uber was only mentioned once, and it was to -- obviously -- point out that it was different from Avis-owned ZipCar. It is amazing how deep in the sand the people running these companies have their heads collectively buried.
actually I was trolling it since it was 5c many years ago. Go onto the RVM.to board. I made a ton back then on the run up and only got back in after the mine collapse which I thought was a temporary issue. Get your facts straight
I'm gettin to you though. Your infatuated with me.
Why has a $40B private company taken to the smear campaign of a $200M public company? How does this benefit Uber? Is Uber so insecure that they need to hire folks to post all over the web and write false and misleading articles?
I wish Uber would go public already so I could short it.