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CAR - An Investment Idea So Good It 'Hertz'
May, 04 2021 10:00 AM
Avis Budget Group Inc.
Bid worth 61c already on the table so the downside is limited. Alternative bid worth $4.30 just needs financing so that is the most likely outcome. Auction May 10th could have unlimited upside including the stockholders retaining 100% of the stock. Rental car prices and utilization are skyrocketing so future prospects are very bright and will likely encourage bidders. When compared to Avis, Hertz could be worth $22 per share at the same multiple - only the bankruptcy process is holding it back. For further details see:
An Investment Idea So Good It 'Hertz'
Stock Information
Company Name:
Avis Budget Group Inc.
Stock Symbol:
CAR
Market:
NASDAQ
Website:
avisbudgetgroup.com
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