HTZ
Hertz Global Holdings Inc.
Consumer, Event Driven/Special Sit
12/18/2013
Presented
| Date | 12/16/2013 |
| Price | $24.79 |
| Market Cap | $11.10B |
| Ent Value | $27.59B |
| P/E Ratio | 29.67x |
| Book Value | $6.22 |
| Div Yield | N/A |
| Shares O/S | 448.98M |
| Ave Daily Vol | 11,070,000 |
| Short Int | 1.49% |
Current
| Price | $2.92 |
| Market Cap | $0.41B |
| Hertz Global Holdings, Inc., through its subsidiaries, engages in the car and equipment rental businesses worldwide. The company operates in two segments, Car Rental and Equipment Rental. The Car Rental segment rents and leases various car models on an hourly, daily, weekend, weekly, monthly, or multi-month basis; crossovers; and light trucks. This segment operates car rental locations at or near airports, as well as in central business districts and suburban areas of cities in the United States, Canada, France, Germany, Italy, the United Kingdom, Spain, the Netherlands, Switzerland, Belgium, Luxembourg, the Czech Republic, Slovakia, Australia, New Zealand, China, and Brazil. The Car Rental segment also operates retail used car sales locations in the United States, France, and Australia, as well as provides car-sharing services, and fleet leasing and management services. The Equipment Rental segment rents earthmoving equipment, material handling equipment, aerial and electrical equipment, air compressors, generators, pumps, small tools, compaction equipment, and construction-related trucks. This segment also sells new equipment, and consumables, such as gloves and hardhats. The company also offers claim administration services, such as investigating, evaluating, negotiating, and disposing of various claims, including third-party, first-party, bodily injury, property damage, general liability, and product liability. Hertz Global Holdings, Inc. serves various industries, such as construction, petrochemical, automobile manufacturing, railroad, power generation, shipbuilding, and entertainment and special events. The company was formerly known as CCMG Holdings, Inc. and changed its name to Hertz Global Holdings, Inc. in March 2006. Hertz Global Holdings, Inc. was incorporated in 2005 and is headquartered in Park Ridge, New Jersey. |
Highlights
Although perhaps not immediately obvious upon first glance, the presenter sees Hertz as something of an analogue to more traditional financials firms. The company, after all, employs a debt-funded model in order to buy earning assets - rental cars, in its own unique case. Shares of the company look like they may finally be poised to benefit from the wave of industry consolidation that culminated with the approval of Hertz’s acquisition of Dollar Thrifty earlier this year.
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