Yaaaaaaaaaaaaaaaaaawnnn. Did you say something? I am offering $6 to buy TAXI shares. Does that mean the price should be $6?
Listen jr, holding on to a short position for as long as you have is not the way to play the market. no wonder you lost your license. You probably lost millions of customer dollars on ponzi schemes and pleaded to a paperwork violation. why don't you try an actually build something and be a constructive member of society?
1500 units is derived from midway point of 1000 units (most conservative, sale done in old upfront method) and 2000 units (all SaaS sales). They said there was a mix of sales types so assume 50/50.
thinking about it more, it must mean $2.4M in Dec sales and units of 1500. There have been qtrs this year where they did more than $3.5M in product sales, so if $2.4M was the highest month, it must mean revenue for the month
Whoever writes their PR's assumes you have the IDSY Rosetta Stone to decipher what they mean. Why can't they just spell it out rather than make everything so ambiguous? Say the units and dollar amount
I don't think the stock reacted today based on them selling 1500 units in the month as no one could figure it out.
this is your analysis? I remember taking Econ 101. 20 minutes to pick up a vehicle is 19 minutes too long.
Get with the times grampa
at that rate, they were cash flow positive and profitable in December. Probably another reason they were able to secure the line of credit
nice news but what were VMS sales in the other two months of the quarter? Q4 has the possibility to be breakeven
Looks like Raymond is back as a large customer again. So much for that TotalTrax hogwash.
big of you. It's cause they got the financing on good terms which means they don't have to dilute and will thus get a clean audit opinion this year
I can't find a single post of yours where you do any analysis. All you do is criticize others like a troll. Avis down 50% on 2015. Get a clue
Larry DeShon just took over as the new CEO in November. google him with some past PR's with IDSY. He is well aware of IDSY and the long relationship. Maybe he finally moves Avis into the current century with technology and innovation. Not holding my breath, but it is obvious Avis can not continue down the current path and continue long term as a Going Concern.
$20M ($15$ in cash and the 1M shares) buys Rental Fleet, the patents, the software, and Mike Ehrman is thrown in. Throwing in Mike relieves Ken of having to explain away his little brother to the BOD. Win-win for all concerned. Rental Fleet was Mike's invention.
Avis made $340M in profits last year. With $13B+ in debt, it would take them 40 years to pay off their debt. A 1% rise interest rates, which seems plausible next year, would wipe out 1/3 of their profits. A 3% rise in rates in the next few years, which is also plausible, and Avis is unprofitable.
They just emerged from the best part of the economic cycle and are 40 years in debt. Meanwhile, in the last few years, Uber has grown their market cap to 20X of Avis'
Avis has $500M in cash and only a 4% profit margin and revenue growth of 1%. How can these guys ever be expected to pay off all that debt?
Maybe casey should be more concerned with the dire predicament of his subpar investments. Avis down 50% in 2015 and the economic cycle is now going against it
Any deal that IDSY strikes with Avis must ensure upfront payments. I would prefer that IDSY just sell them RentalFleet and the patents for a one time fee of something like $15M and return of the 1M shares of stock. Throw in Mike Ehrman as well.
a market cap of $3B and debt of $13B. How do these guys even stay in business. With rising rates and assets consisting of used cars of dubious value, 2016 looks to be the year Avis goes BK....again
That $500M investment in ZIPCar needs to be written down to ZERO. Too bad they didn't invest in Uber. The same investment would be worth $10B today.
Renting a car is such a hassle. Takes too long, too many questions. Returns take forever. The process needs to be more Uber like and automated.
how true. I just hate getting a rental car. Such a hassle; no I don't why the stupid insurance, a GPS, etc. I'll fill my own tank rather than pre-buying a full tank. Just give me the car and let me be on my way. Rental cars are a total hassle. Uber is the way to go...unless rental can develop a smart phone interface and bypass the check-in/check-out. You know, the thing that IDSY does already.
If Avis invested that $500M in Uber, it would be worth $10B now. 3X the value of Avis today. Avis has a market cap of $3B and debt of $13B. If anyone is going BK in 2016, its Avis...again