So Avis Budget Group ($CAR) has negative equity, loses money, has almost $25B in net debt with negative FCF. And is now trading at 60x 2028E hoped-for EPS. No position, but where is the Board here…?! They should be selling equity as fast as possible at these prices.
@GiacoBocanegra @MartinShkreli the last 3 earnings they were still hovering around $10, that's still a billion-market cap for technology that isn't even there until 10+ years, hype supersedes fundamentals in this wild market. I wouldn't count on next ER; this shit could run up to 100 after ER for all we know.