$HTZ
I just bought 4k shares today. Total 5k. This thing is gonna be a p/FCF of 3 if management hits expectations of 1b ebitda 2027. Right now their bonds are dirt cheap. When they get that FCF they could buy back those bonds and it’ll improve their bond rating that plus printing FCF in 2027 should help when they enter their 2028 debt 2.5b . 17% of my portfolio is in this. I’m looking at an exit price of 12.5. Their corporate debt is about 5x rn, they’re trying to get to 1.5x corporate debt.If they can buy back their bonds at the discounted rates it could hit our price target. 🎯
the other 13.9b is vehicle debt which is kinda bogus, because they just sell the cars every year or two.of course risk involved used car prices falling or bankruptcy but I’m in for this ride.