what the stock does in the short term. He owns positions in other auto related companies, and by being on the Board he can influence business decisions which will help his other holdings. Warren Buffet operates the same way, their ownership in a Company is not always what it appears to be there can be ulterior motives.
He's already made his intention known that he wants to acquire 40% of the Company, he's happy to accumulate
as the price drops. When he's filled his boat and has the power he wants he'll make the necessary changes. He's also a major holder of automotive related companies, FDML,NAV & perhaps others; there could be cross business opportunities between those and HTZ.
This steaming pile of manure is going nowhere but to the pink sheets. In the greatest biotech rally in history this piece of squat has done zilch. Only folks making money is the management. They have you shareholders for a good thing.
Buffett wants the price of these shares to keep dropping. He wants to own the whole company and existing shareholders are only in his way. He will not support the price.
They've tried to cure everything from a headache to a hangnail with one drug and failed each time. It's amazing that they can get away with it, and more amazing that anyone would purchase shares in this bloated pig.
This company is now and has been a joke since day one. The only folks making money are the Execs that are getting paid huge sums of money for delivering zero results. Try doing that on your job, you'll be tossed out on your rear en ASAP!
Guess he was looking for bag holders.