$VRRM
P/E ratio below 5, two major govt contracts won this year between NYC and Hawaii that will flow into balance sheets
Avis news made shares drop 70% and they will most likely be negotiating a new contract that ends September since the logistics is too much for in house for tolling, red lights etc.
They also have 60+ million in share buy backs. It trades below revenue and only has a market cap of 600 million
Interim CEO is a retired military officer who is the mastermind behind the company’s recent success securing contracts as a retired military officer who held previous logistical roles.
Revenue is still projected to be $1 billion this year with 300+mm EBITDA margins. Worst case scenario, $AVIS decides to magically build a 10 year infrastructure that’s proprietary in 2 months (highly doubtful) the govt contracts will offset them next year.