In two newly amended filings with the SEC, Kevin Kotler's Broadfin Capital disclosed moves into Hori

Highly-leveraged companies face steep challenges if the economy falters, because debt usually becomes more expensive and impedes growth potential. Even if that's not the case, perception plays a big role. When the broader market looks as though it might be approaching bear territory, budget car rental uk investors want nothing to do with highly-leveraged companies. In these situations, there will be a flight to safety, such as large companies that have strong balance sheets, are well-fortified within their industry, and pay a dividend. None of the companies below match that criteria.
Of course, budget car rental uk it's possible that the market budget car rental uk holds, or appreciates, and all is well and good for a considerable amount of time. But capital budget car rental uk preservation is paramount, and there's no need to take unnecessary risks.
Hertz Global Holdings, Inc. (NYSE: HTZ )  has a market cap of $9.75 billion. Hertz Global Holdings, Inc. (NYSE: HTZ ) has seen consistent revenue improvements over the past three years, and earnings have improved annually, with the last two years being profitable. However, Hertz sports a debt-to-equity ratio of 8.01, which isn't comforting to investors.
The good news is that Hertz Global Holdings, Inc. (NYSE: HTZ ) seeks an investment-grade rating by 2015. The only way this can be accomplished is if Hertz pays down debt. Hertz has a plan in place, where it aims to pay down $1.5 billion to $2 billion of debt. It plans on paying off $500 million to $600 million this year through free cash flow. Currently, Standard Poor's has Hertz rated at B+, which is four levels below investment-grade.
Hertz Global Holdings, Inc. (NYSE: HTZ ) is on the right track, but with the broader market at all-time highs and the stock trading at a lofty 32 times earnings, it's clearly not the safest investment.
Avis Budget Group Inc. (NASDAQ: CAR )  has a market budget car rental uk cap of $3.25 billion, making it a much smaller player than Hertz Global Holdings, budget car rental uk Inc. (NYSE: HTZ ). However, Avis is looking to grow. Earlier this year, it purchased Zipcar, a car-sharing service, for $500 million. Zipcar budget car rental uk can be found in 21 cities throughout the United States, Canada, and Europe, and eight more locations will be added this year. Avis management expects Zipcar to generate $50 million to $70 million in revenue per year.
Avis Budget Group Inc. (NASDAQ: CAR ) also recently purchased Payless Car Rental for $50 million. Payless Car Rental can be found in 120 locations throughout the United States, Canada, Europe, and South America. The two big benefits of this acquisition are targeting value consumers (currently a high-growth market) and increased brand recognition for Avis.
Avis Budget Group Inc. (NASDAQ: CAR ) recently reported results for the second quarter. Revenue increased 2% year over year, and North America pricing inched higher by 1%. However, FY2013 guidance disappointed. On a larger scale, Avis Budget Group Inc. (NASDAQ: CAR ) has seen revenue improve budget car rental uk over the past three years. Earnings have been very inconsistent, and the company has reported losses in three of the last five years. Avis also has a debt-to-equity ratio of 15.59. Therefore, it's highly questionable whether or not Avis will be capable of thriving if economic conditions were to weaken.
United Rentals, Inc. (NYSE: URI )  is the largest equipment rental company in the world, and it has a market cap of $5.35 billion. Revenue has improved over the past two years, and though earnings have been inconsistent annually, the last two years have been profitable. Net margin is solid at 4.57%, but the stock is trading at a somewhat lofty 29 times earnings, and the company's debt-to-equity ratio stands at 4.65. United Rentals, Inc. (NYSE: URI ) is aiming budget car rental uk to reduce its leverage, but the pace is undetermined.
Jeffrey Smith and his fund Starboard Value disclosed, in a newly amended budget car rental uk filing with the Securities and Exchange Commission, a letter sent to the board of TriQuint Semiconductor budget car rental uk (NASDAQ:TQNT). Starboard...... (read more)
Phil Frohlich's Prescott Group Capital Management, insists that shareholders of PharmAthene, Inc. (NYSEMKT:PIP) should vote against the merger with Thercalone Sciences. According to the press release...... (read more)
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Fortress Investment Group, managed by Michael Novogratz has reported adding CARDIOME PHARMA CORP (NASDAQ:CRME) to its equity portfolio, in a new filing with the Securities and Exchange Commission....... budget car rental uk (read more)
Steven Cohen and SAC Capital have been bullish on Clearwater Paper Corp (NYSE:CLW), slightly increasing their position in the company. According budget car rental uk to a new filing with the Securities and Exchange Commission...... (read more)
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In two newly amended filings with the SEC, Kevin Kotler's Broadfin Capital disclosed moves into Horizon Pharma Inc (NASDAQ:HZNP), and Alliqua Inc (OTCMKTS:ALQAD). The fund reported boosting its stake...... (read more)
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Edward Lampert's ESL Investments budget car rental uk disclosed recently selling a part of its AutoNation, Inc. (NYSE:AN) shares. According to a new form 4 with the Securities and Exchange Commission, ESL disposed almost...... (read more)
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