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that the tourist sector is in trouble isn't exactly a secret at this point, so additional shorts seem risky. Avis Budget, a car rental company, does 2/3 of the
by mxschumacher 6y ago
that the tourist sector is in trouble isn't exactly a secret at this point, so additional shorts seem risky.
Avis Budget, a car rental company, does 2/3 of their rentals at airports and they carry a huge amount of debt. The car rental space is extremely competitive as it is and new ride sharing offers don't make things easier. Hertz is already very close to bankruptcy
- tankenmate 6y agoAnd completing the circle Warren Buffet has a relatively famous saying, "After all, you only find out who is swimming naked when the tide goes out."[0] [0] Berkshire Hathaway Chairman's Letter (2001)