-
Posted by
Two Blokes Jul 9 -
Filed in
Stock
-
7 views
After Hertz's massive Ackman rally, this setup presented a good pair trade to long Avis and short Hertz. I bet this pair trade still has legs. Hertz is experiencing growing interest expenses that impact bottom-line performance, while Avis is actively reducing debt. Both companies are executing a fleet rotation strategy to enhance operational efficiency; however, Avis is well-positioned to benefit from this strategy as compared to Hertz.
