Thursday, August 23, 2012

Another Shot at Dollar Thrifty

Ok, I decided to take another shot at Dollar Thrifty Automotive Group, Inc. (Ticker: DTG). I picked up a few shares today at $80.08. Back in July, I traded Dollar Thrifty for a quick profit, but now it feels like a real deal is coming from Hertz Global Holdings, Inc. (Ticker: HTZ). The street is looking for something in the high 80’s. Hertz probably doesn’t want to play games and drag this out any longer. They will probably make a very compelling bid to get Dollar Thrifty.

Edit: I picked up a few more shares at $79.44 and $79.23 with an average price of $79.65.


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