So, what do we think?
4 replies (most recent on top)
Are they just ignoring the facts or are they really looking at a different world?
Was OK I guess until we had Angela Brav, reading from a script, dude she’s been here like a year, she is the most uninspiring person ever, no wonder Europe’s dying!
Some real jewels to remember and replay when we ultimately fail.
Stating the obvious “we need to increase RPU.” Wow, Paul, like we didn’t know this and it was your predecessor and her predecessor (Tague) that were humming the same tune and in the midst of failing, you all revert to squeezing more cost out.
Loved Arrington’s pride on how we have gotten customers to move 3500 cars on a one way rental from NY to FL. No mention of which bozo decided to have the cars in NY in the first place. Yep, let’s tap ourselves on the back for solving problems we created ourselves. Fook yeah, give that man his second retention bonus.
Kenny from the block stole the show. EBITDA negative and cash flow still remaining at 1b. No kidding. It’s cause we are deferring rents, not paying debts and getting cash from the defleet. When the dust settles and our operations are in steady state at 320k vehicles and we pay everything like we should, that 1b will melt quicker than an ice cube in the microwave. We have no earnings power. Get it in your head that ute at 82% doesn’t get you to positive earnings, RPU at 1250$ might, but you can’t get 1250 from DTG. Which are the only customers left.
Leef’s pic needs updating to reflect the grayness. Angela Brav “video” with her well read speech was a waste of time.
The same as always? Why would it be any different.