Avis has absolutely no idea how to compete with Uber. The best they could do is rent out their cars to Uber drivers but eventually Uber will put Avis into BK.
How short sighted that Avis bought ZIP. What a waste of money. Hasn't grown at all. There are now more Uber drivers than ZIP users.
who cares? It's a book entry. It does not affect anything. Banks do it all the time. To this day, banks are carrying property at inflated prices. All Banks. You are tilting at windmills
but that's how cash flow works. Their GAAP expenses are not cash items like amortization and depreciation and stock option grants (exercised stock options actually generate cash)
Sometimes I think this stock would be better if they cut the dividend to $1 so that those that don't "get it" would invest.
PS - the stock has already had a 30% loss from the high
now at 8% of revenue. Losses were about $350K, down from well over $1M last year. At this rate, they will be profitable this year. They have over $3M in international accumulated losses so no tax on those profits either. Just getting to break even will be huge. Add in 1/2 the discontinued business lease payments end in December (about $350K/yr worth) and they will add to cash in coming year
actual was 534k coins and 424K cards. It looks like they are smoothing earnings by pushing stuff out from June to September
actual numbers are a little light of projected due to lower margins and lower avg ticket prices but still stellar. International is growing, card business growing faster than coins, overall outlook looked good.
will be interested to see their intentions on making money on this. Will it be like Priceline? Will they take a small referral fee?