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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (29820)	2/4/2008 11:37:05 AM
From: Paul Senior	Read Replies (1) of 78703

Not a good day for car rental companies. Dollar Thrifty's report now of lower than expected '07 earnings has immediately decimated its stock. finance.yahoo.com This is strange because competitor AVIS recently issued an upbeat report for their '07 earnings. These two companies don't exactly cater to the same customers, but the business is competitive enough from what I see at airports that there shouldn't be such a disparity between earnings issues. What DTG says-- they "cited weaker industry demand in the travel market, excess fleet capacity in the industry, and a weakening used car market for its more bearish outlook", that should hold true for AVIS also. I have to assume Avis is in trouble then too. Therefore, on the assumption Avis stock too will test its lows, I'll exit now and watch from the sidelines.

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