Past performance does not predict future results. Informational only, not investment advice.
Author is taking a speculative long position on VRRM, expecting the stock price to appreciate from its current level of around four dollars. No detailed fundamental or technical rationale is provided.
Author believes VRRM is experiencing a dead cat bounce, implying the stock will resume its downward trend after this temporary recovery.
VRRM is oversold due to Avis cancellation fears despite retaining a profitable core business generating $750M-$800M+ revenue and $250M-$300M+ EBITDA even post-Avis. The market is pricing in complete collapse while the company's recurring traffic enforcement, tolling contracts, and infrastructure assets remain valuable and hard to replicate.
End of results.