DTG - Dollar Thrifty

Dollar Thrifty Automotive Group, Inc. through its subsidiaries, rents and leases vehicles through company owned and franchised stores under Dollar and the Thrifty brand names primarily in the United States and Canada. The company also operates a franchised retail used car sales network. It involves in the daily rental of vehicles to business and leisure customers; sale of vehicle rental franchises worldwide; and the provision of various services, such as sales and marketing, reservations, data processing systems, insurance, and other services to franchisees. In addition, the company rents global positioning system equipment, ski racks, infant and child seats, and other supplemental equipment; offers a Rent-a-Toll product for electronic toll payments; and sells pre-paid gasoline and roadside emergency benefit programs, as well as provides parking services. It serves leisure customers, including foreign tourists, small businesses, government business, and independent business travelers. As of December 31, 2009, the company had 613 locations in the United States and Canada, of which 296 were company-owned stores and 317 were franchised stores. Dollar Thrifty Automotive Group, Inc. was founded in 1989 and is headquartered in Tulsa, Oklahoma.

DTG was WAYYYYY OVERSOLD today.

Just like ETFC was, and just like MW was.

Go for it!

We will change our luck around with this one.

I am not hoping for a miracle, I already have my sell order in at $21.25.

It isn't going much lower, or it would've today.

it stopped in the $16 range.

After I sell this one for a nice profit I will be either picking up shares of Burlington Northern (BNI) or Activision for another profit.

Spring break and Spring travel is coming up.

This alone should push this stock back into the $20's.

Oh no, I bought already.. I hope there isn't too much more drop.

I think we could see it open tomorrow in the $18 range, but you could be right, it could go back down.

I see that support also, I think we have a good Bottom Bouncer here.

It will go up after hours and bargin hunters will be buying over the next few days.

Also, the company might say earnings look a little better than expected and then another little jump up.

I think because companies have been under pressure to disclose all the facts, so IMO I think that they went to the "worst case scnenerio"

This is just what I think, but the earnings will come back a "little" better than the estimates.

So in turn the stock will rise, I also think that the stock will shoot up a few points anyways.

Just look at MW, ETFC, F, among others that had huge sell off days.

It is going to be a BOTTOM BOUNCER

More good news that just came out!

DTG keeps its "BUY" rating!

Plus this stock was in the $17 range 1/22/2008

So it is going to be a BOTTOM BOUNCE


Sector Snap: Rental Car Stocks Plunge
AP
Posted: 2008-02-04 16:04:46
NEW YORK (AP) - Shares of rental car companies plunged Monday after Dollar Thrifty Automotive Group Inc. slashed its 2007 earnings guidance, citing weak demand in the travel market and soft used car sales, among other problems.

Dollar Thrifty shares plummeted $9.46, or 36.4 percent, to $16.50 in afternoon trading, after hitting a new 52-week low of $16.27 earlier in the session. During the past 52 weeks, the stock has fallen from a high of $55.30 last February to its previous low of $17.71 on Jan. 22.

The bleak outlook also dragged down shares of Avis Budget Group Inc. and Hertz Global Holdings Inc. However, Lehman Brothers analyst Jeff Kessler said the sell-off at Avis and Hertz was "unwarranted."

"We believe that the severity of Dollar Thrifty's issues are specific to the company, will not be as bad, and are only partly relevant to Avis' and Hertz's numbers," Kessler wrote in an analyst note.

Kessler noted that more than half of Avis was able to offset a difficult leisure market with its commercial business and cost controls. "Recall that over half of Avis' business is the relatively boring, but steady commercial business in which pricing inches up every year and travel days do not vary anywhere near leisure," he said.

Soleil Securities analyst Michael Millman maintained Dollar Thrifty's "Buy" rating and noted that the company's dependence on leisure travelers makes its earnings more volatile than its rivals in the rent-a-car group.

Both Kessler and Millman noted that Dollar Thrifty's results were hurt by "the disorderly delivery of vehicles," to use Millman's phrase, by its primary fleet supplier, Chrysler. Kessler said Avis and Hertz "have a much more manageable and diverse stream of suppliers."

Avis shares dropped $1.63, or 12 percent, to $12 in afternoon trading. During the past 52 weeks, the stock has fallen from a 52-week high of $31.47 last June to a low of $9 on Jan. 23.

Hertz shares fell 40 cents, or 2.7 percent, to $14.60. The stock has traded between $11.71 and $27.20 during the past 52 weeks.

Spring is coming, I have already been asked to go to vegas by one person and go to florida by others.

We will need a rent-a-car!

Spring break and Spring trips are coming up fast, and so will this share price.

f.y.i I got in at $16.84 I bought 950 shares.