Wednesday, November 14, 2012

Dollar Thrifty Almost Done

It finally looks like the acquisition of Dollar Thrifty Automotive Group, Inc. (Ticker: DTG) by Hertz Global Holdings, Inc. (Ticker: HTZ) will receive FTC approval. The Wall Street Journal and Bloomberg are both reporting that the FTC will approve this deal. I picked up a few more shares of Dollar Thrifty yesterday at $84.86 bringing the position up to ~ 20% of my portfolio. Assuming a conservative close of November 30th, my net gain from this position will be ~ 2.99% (annualized return of ~ 23.48%). This one really tested my stomach...


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