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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (3509)	10/15/1998 12:07:00 AM
From: BomboochaBoy	Read Replies (1) \| Respond to of 7247

16% in one day. Not bad at all, Mr. Luke I put a faux portfolio together of your 3 favorites. I have no idea if this link will work. If it works, FYI, the three were "purchased" at Monday's close. techstocks.com Aloha Paul

To: Tim Luke who wrote (3509)	10/15/1998 8:51:00 AM
From: BomboochaBoy	Respond to of 7247

Cheewiz... Avis' numbers are de big kahuna Hmm... wish I had some shares... Avis closed Wednesday at 12 11/16. Avis Rent A Car, Inc. Reports Record Third Quarter 1998 Operating Results and Expands Stock Repurchase Program PR Newswire - October 14, 1998 17:18 Earnings Per Share Up 84.4% GARDEN CITY, N.Y., Oct. 14 /PRNewswire/ -- Avis Rent A Car, Inc. (NYSE: AVI) today reported record results for the third quarter and nine months ended September 30, 1998. Also, the Company announced that its Board of Directors has authorized an increase in the existing stock repurchase program from 1,500,000 to 5,000,000 shares of Avis common stock. "Our third quarter results reflect continued margin expansion due to solid price increases, higher fleet utilization and improved costs per transaction," said R. Craig Hoenshell, chairman and chief executive officer of Avis Rent A Car, Inc. Hoenshell continued, "We are also substantially expanding our stock repurchase program because Avis continues to be an outstanding value. This program enhances shareholder value and demonstrates our confidence in the future of Avis." On a historical basis, revenue for the three months ended September 30, 1998 was $652.4 million, up 12.5 percent over the comparable period in 1997. Net income and diluted earnings per share were $30.1 million and 83 cents, respectively, representing increases of 117.3 percent and 84.4 percent from net income and diluted earnings per share of $13.9 million and 45 cents, respectively, for the comparable period in 1997. On a historical basis, revenue for the nine months ended September 30, 1998 was $1,739.1 million, up 14.0 percent over the comparable period in 1997. Net income and diluted earnings per share were $59.9 million and $1.70, respectively, representing increases of 122.1 percent and 95.4 percent from net income and diluted earnings per share of $27.0 million and 87 cents, respectively, for the comparable period in 1997.