now holds just over 400K shares as of year end 2014. He was buying at $2-$4 years ago and probably has collected $8+ in dividends. Made 10X or more on this. This may be his last filing since he is under 5% so we can only guess that he will sell off slowly in the future.
Well played by him
I know what the law was, but it didn't seem right. All these companies do these complicated offshore transactions in an attempt to skirt tax rules. Just pay the tax and remove the doubt. We are only talking about $40M in tax/yr.
TotalTrax is worse than IDSY, if you can believe that. The two companies barely make competing products when you look at what they actually do. Other than that, can't argue with what you said
that's if you take their word for the value of their used cars. Try selling all those used cars. See why Hertz hasn't filed audited financial statements in years.
Avis has a NEGATIVE net tangible assets. NEGATIVE. Take Accounting 101
The $10M includes $1M of low margin (or loss) spare parts
What's it worth then? Sales would be declining. Cash would be under $10M. More excuses from Sr execs. I say if that was the case, it's worth $4, maybe $4.50. This would lead to layoffs of 30-40 folks. There is no indication of layoffs yet.
Consolidation -- Market Talk
BY Dow Jones & Company, Inc.
— 10:10 AM ET 07/06/2015
10:10 EDT - Believing Altria (MO) stands to gain from recent consolidation in the US tobacco industry, CLSA upgrades the Marlboro maker to buy, contending MO's position as a pricing leader is expected to improve amid Reynolds' (RAI) acquisition of Lorillard and Imperial (IMT.LN) buying RAI's Winston brand. CLSA thinks Winston will try to win business through discounts but fail to cut into Marlboro's market share. The investment bank adds MO's valuation is lower than other tobacco stocks.
I'll give you another example. when your town revalues all houses for property tax purposes they look at recent sales in your area. Those sales my be less than 1% of all houses in your area but they affect you.