By skyforbes Yada yada, I added another 1000 shares and 50x $5 calls. This will actually take off on strong fundamentals and the completion of the turn around tomorrow morning with earnings release. I will exit this week around $7-9. I used HTZ for vacation recently and it was seamless and totally hands off from booking, pick-up, drop off.
Thesis:
– stock severely beaten down on bad EV vehicle play. The losses are now fully rolled off books for Q3 which should result in +EBITA and continue the fundamental turnaround strategy. Avis recent earnings was very positive for industry and HTZ almost hit $6 AH before falling back down.
– senior leadership is loaded and well seasoned
-Amazon auto marketplace play makes it a serious Carvana contender
-Palantir partnership, AI streamlined business, potential autonomous vehicle move
-Ackman backed, stock is nearly 50% shorted with 6 days to cover and majority of float institution held
-Nothing else looks good and we need another beaten down company to rally behind