but today is the last working day and they might close early today. There was a large amount of crossovers this month as well, over 7K. They typically have higher avg ticket prices. Still looks like this qtr will be less than last years 488K coins. Oct saw 127K coin certs
I don't understand what you are asking. Secondaries are always priced at a discount. If you were buying a huge block of shares, wouldn't you want a discount? The value of the company has increased because of SkyWave. Good synergies, little overlap
hence my statement that it in an illiquid stock. the avg volume is like 100K shares when you throw out those crazy 30M share days. Yet, he counters that by saying but the avg is 1.5M
I think they have started some VMS stuff with recurring revenue. Look at their presentation. Don't they have an option for $45/month? Powerbox is $45/month for 60 months.
I think there is incentive for short term stuff from management if all their incentives are tied to PPS. Should be 50/50
Their compensation is egregious based on the share price performance. They should all resign and have their compensation clawed back. Stop the insane buyback and increase the dividend!!!! Buybacks only line the pockets of insiders who are selling their free shares.
he states: The real business of the car rental business, after all, is selling used cars.
Avis has the same issues. They have overstated the value of their fleet by billions of dollars.
the BOD had less than 70K restricted shares. They had maybe 200K options but many are at higher prices. So any selling we have seen is not the ex-BOD