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After 18% Rise & 8 Days Up In A Row, Hertz Withdraws 2014 Guidance & Crashes
Presented with little comment... because if this doesn't wake people up to the unreality of the stock 'market', nothing will. Hertz has ripped higher 8 days in a row, surging over 18% in that period as analysts and talking heads piled on proclaiming how wonderful it is.. and then:
- *HERTZ HAS DECIDED TO WITHDRAW 2014 FINANCIAL GUIDANCE
- *HERTZ EXPECTS TO BE WELL BELOW LOW END OF 2014 GUIDANCE
Must be a one-off idiosyncratic issue right?
Nope - it's not idiosyncratic...
The Company now expects to be well below the low end of its 2014 guidance due to operational challenges in the rental car and equipment segments as well as the associated costs related to the accounting review previously disclosed.
These ongoing challenges include:
- Record level, industry-wide OEM vehicle recall activity, which has constrained the Company's U.S. fleet available for rent;
- Significantly higher-than-expected adjusted direct operating expense in U.S. rental car;
- Issues and delays associated with the installation of its Enterprise Resource Planning (ERP) and counter systems, which have adversely impacted anticipated synergy capture flowing from the Dollar Thrifty acquisition; and
- continued soft demand in the equipment rental business segment.
Due to the foregoing, as well as potential revisions related to the ongoing accounting review, the Company has decided to withdraw its 2014 financial guidance.
And here is Jim Cramer's TheStreet.com (from yesterday):
TheStreet Ratings team rates HERTZ GLOBAL HOLDINGS INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HERTZ GLOBAL HOLDINGS INC (HTZ) a BUY.
This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.
The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and expanding profit margins.
We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
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rented from Hertz last month, forgot to fill up the tank and the cocksuckers charged me $9.59/gallon... guess they all do that, but next time I will fill with water right before drop off...
Topping off the tank with piss would probably work too.
Lol to both of u!
Central planning has brought about a new era in business where companies no longer sell products (so last, last century) or service (so last century) but instead they sell stock!
It is pure f-ing genius!
Regards,
Cooter
The problem with Hertz's equipment rental business is over market saturation. Everyone from car rental companies to home depot now rent small tool equipment.
ouch that chart sure hertz !!
Let the clas action lawsuits begin......you might get something after ten years
What should scare the shit out of you is... look at the volume. It's down on no volume. If it can happen to Hertz, it can happen to any stawk. For the love of gawd, if you are in this illusion of a market, go to cash.
It's hard for a normal man to piss enough to move the needle on a 10-gallon tank. You'll need to invite about a dozen friends over for a kegger.
"Y'all be sure to piss in my gas tank, alright."
(Raised eyebrows.)
"Just call it customer feedback."
A 4 lb. bag of sugar and a funnel - $9.
Getting revenge for being screwed over - priceless.
Doesn't the gas station do that?
What if your neighbor siffened your gas tank while you where sleeping? People like yourself create the absorbant surcharge. Serves you right, freeloader.
Car rental, business trips, vacations - what a quaint concept. I think people did stuff like that pre-Obama.
Gallons of bottled water would cost a bunch more than gas. I recommend diesel if you really want to fuck with them.
Fill up the tank with race fuel, it'll burn the shit out of the o-rings so it'll need a rebuild in no time.
Where's OJ when you need him?
Sadly that piece of shit son of a bitch is still breathing air on the taxpayers dime.
...still looking for the real killer
If you have time to waste - his recent parole hearing was on youtube or some other site. He was all weepy. I almost felt sorry for him. The Enquirer or one of the otgher rags said he was eating so much prison junk food that he was going to die.
Dumb vile murderer.
OJ dupe post - sorry - he is a scumbag.
Fraud. It's what America is cooking !!
Honestly looks like it will be a solid btfd.
In any event Tyler should put this up under the chart.
https://www.youtube.com/watch?v=b00-c-bk4U0
This Hertz. Ouch !!!
Very bad .............................but gud!
There are about 15 different rental car company options at every major airport now, how do any of these guys make money?
Could be fronts, similar to channel stuffing
By providing competitive services at great prices
And by exceeding customer expectations. One customer at a time, every time.
To boost airfares, airlines cut back on capacity. Higher fares plus less capacity is not good for rental car companies. Add in about a dozen taxes every time you rent a car.
Any insider sales in the last 8 days?
That would be kinda stupid, even with the SEC as the only cop on the beat.
But to answer your question, no, nothing material, as far as I can tell.
I didn't know that Hertz is aware of an early and long winter with ice and snow storms. Could that have impacted thier predictions?
I was a gold member back in the day. Good company, never any rental issues. Glad to see someone telling the truth regarding future expectations. The other lying bitchez should burn in hell.
Just more "free market action in a market reflecting true price discovery".
/s
Sugar works wonders when it reaches the pistons!
heard that as well, I'm going to fuck them over and good trust me ... maybe a new POS mustang...
Squid, stop blaming other people for your own actions. You woke up late, would of missed the flight. Had you stopped to refuel rental car, you would be be complaining that you missed your flight because you had to put gas in the rental car. See how easy it is to spot a dumb fuck who blames his actions on other people?
Funny how the personal responsibility folks are willing to put all that rhetoric aside with it's personal personal responsibility.
Try Karo syrup.
How can this be when airline travel is on the upswing. Maybe the record car sales have caused the economy to get so good that business travels are buying cars to leave in their favorate airports so they don't have to rent anymore.
See below and "for the price of a rental we'll throw in a house too!"
Where's William Dudley and his Fed banksters buying up the cratering stocks keeping his hyper-stock market bubble inflated?
"...adversely impacted anticipated synergy capture..."
[This kind of language] makes me want to engage in an involuntary personal protein spill.
- George Carlin
Pets.com alert!
Kaput rental car.
so its back to where it was 2 weeks ago.. BTFD!!! will be green by EOD tomorrow
It is cheaper to buy a car with low payments financed over eight years with nothing down (but your old clunker) .. use it for a few months, and let them re-po it. Beats renting! $119 a month or $49 a day?
Cramer spent the first 10 minutes of his show chirping about how right he was about Google on the 10 year anniversary of its I.P.O.
Missed 10 minutes or so but he hasn't mention Hertz yet, and I bet he won't.
what a buffoon, let's revisit his calls in 3 months or so
Did he bring up Bear Stearns?
why anyone ever has believed, now does or ever will believe a thing cramer says is beyond me. modern day elmer gantry.
Fill the tank with piss and water! HA! LMFAO. that is funny. how about filling up the tank with that volatile fuel they keep in those train tankers that keep unexplainably blowing up all over the country and canada! now that would be a great way to show your corporate loyalty
Buffet nitro night trains of death. F him and Munger.
Fill the tank with piss and water! HA! LMFAO. that is funny. how about filling up the tank with that volatile fuel they keep in those train tankers that keep unexplainably blowing up all over the country and canada! now that would be a great way to show your corporate loyalty
Oh man, that just made my day!
"Accounting review". No shit? All fraud enjoins accountants.
Yeah, former Gold card holder and always got a white Lincoln Towncar. Never knew what banksters might jump in front of the car.
HERTZ HAS DECIDED TO WITHDRAW 2014 FINANCIAL GUIDANCE
In other words, “Shit, we didn’t think investors were paying attention to this stuff anymore anyway. Why didn’t you tell us you were still going to do an independent check of our facts?”
They're missing out on a world class ad slogan:
"IT HERTZ SO GOOD".
'bout time.
It hertz so much now that we are declining.
All I want to know is how long it takes for the repo man to show up after purchasing a new car with a subprime loan.
Scapegoat the internet.
Video conference calls replacing business travel.
Ya, that's the ticket!
https://www.youtube.com/watch?v=pkYNBwCEeH4
That's what Wal-Mart did.
Stairs up, escalator down!
Why does ZH burry positive economic news like this so fast?
Keep it on page 1 for a few days.