that's your argument?
Share count is up
earnings quality is poor due to $160M in FX gains
and you counter with I am an nut case? My counter is you are pushing your mental issues off on others. You are ignoring facts
Get a life kid and stay off your moms desktop. Let the adults talk about money
do you even know what PEG is? PE over growth rate. There was no growth. So how could PEG be fine?
Take out the $160M in FX hedge gains and they missed by a mile. These results were a disaster. Management need to be fired. BOD needs overhaul. We need an activist to shake things up.
the GAAP diluted share count is actually up yr-yr. The buyback is simply not buying back the massive options given to insiders fast enough to lower the share count.
The buyback is a theft of wealth from shareholders and a transfer to insiders. It is a farce
buybacks, dividends, who cares? there is just no growth here. They bought a bunch of businesses spending hundreds of millions and still no growth. Why are they buying declining business segments? Company needs to sell off or spin off it's declining businesses.
Q2 is totally up in the air. What about Q3 and Q4? I can't see how they could make their numbers if they have not already announced major wins. It takes time after an announcement to plan a major rollout
in retrospect the non-compete with Avis killed rental. There was a short time their rental tech was the best available but they could not market it.
Will Avis now be taking a $500M charge against their stupid ZipCar purchase? Uber totally negates the need for car sharing and rental.
Why didn't Avis go with the IDSY solution that was only $100M vs the ZIP purchase of $500M? At least they would have auto fuel readings, auto check in/check out. They bought ZIP with almost 900K users and 3 years later it still has that many users. No growth and again, with Uber, no need.
Avis IT department has to be the dumbest ever. Should all be fired.
FYI - this is why I advocated suing Avis/Hertz/Enterprise. At the very least, IDSY could have said Hertz was getting out of car sharing because they didn't want to pay the royalties. Now they got nothing. Nothing!!
Bonehead management totally blew the whole rental segment. bunch of poosies
Wonder if Avis will disband Zip and take a $500M write off
Interesting. That tells you what the ex-Avis CIO thought of ZIPCar. What a bonehead move to buy ZIP for $500M. It is totally outdated technology compared to Uber.
If they went with IDSY for $100M instead, at least they would have auto read of fuel and auto check-in/check-out
PS - I saw that same article and grabbed the snip on car sharing. I guess this signals IDSY rental tech is dead to Hertz
major blow to all the rental companies. With Uber, car sharing is dead. $500M by Avis spent on ZipCar was a total waste of money
Pullback in car sharing. The company plans to close its car sharing operations in the U.S. and in some European cities, but it isn’t exiting the business altogether. Hertz will continue to use technology to support stronger parts of the business, including car sharing in Sydney and some carpooling and fleet management services abroad. “Our technology requirements will support this focus, and we will continue to evaluate long-term options in emerging mobility businesses,” Mr. Best said in the email.
Note: article needs correcting of TAXI market cap. I moved decimal place one spot to right
Selz Capital LLC had 700,000 shares of Medallion Financial Corp (NASDAQ:TAXI) with a value of $5.84 million at the end of second quarter, another major new position for the fund, amounting to 1.06% of its total portfolio. Medallion Financial Corp (NASDAQ:TAXI) is a specialty finance company, which through its subsidiaries, is engaged in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses. It has a market cap of $221 Million. The company reported a 4% increase in profit for the first quarter of 2015 compared to the first quarter of last year, though its profit in the first quarter was mostly realized through gains earned by the selling of stakes in Generation Outdoor and Medallion Hamptons Holding. The realized gain was $0.32 per share during the quarter. Another prominent shareholder of the stock is Harvest Capital Strategies, founded by Joseph A. Jolson. The fund has 392,881 shares of the company as of March 31.
wrong. Uber is more popular with businesses than taxis now. See latest reports grandpa.
now is the time to sue on the rental patents. They are weak now. Hertz especially just put years of not filing 10K's behind them, last thing they want is a nasty patent lawsuit
But apparently, Ehrman is too big of a pvssy