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Non-Tech : Auto Rental Companies - AVI, BD, HRZ, DTG, AN
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To: Gabor who wrote (128)8/3/1999 3:00:00 PM
From: Paul Senior  Read Replies (2) of 218
 
Gabor, by the time it gets to $1, I won't have even 50c left for a cup of stale coffee. Adding still more today to my position.

I assume there must be something really bad happening or affecting Budget or Budget stock, but I haven't a clue. Meanwhile, their sales are $3Billion, they seem (in my opinion) to be trying to increase their business value and the stock is way off and again (and again) at its lows. I guess by the time I actually do find out what is wrong with my reasoning, it will be too late (for me). At $2 per share you'd get the company for its cash (but of course there's tons of debt-----maybe that's the problem with rising interest rates....). Paul
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