Posts  / VRRM  / #POST-241377
REDDIT

VRRM: Deep Value or Gamble?

What I like about it is that it's not some meme stock. The revenue is real, and the customers are corporate and government entities.

The current sell-off is definitely an overreaction. Yes, they lost 10% of their revenue from Avis, but that doesn't justify a 70% drop in the stock price.

My initial position was 200 shares @ $4.11, and another 500 @ $4.50. I will enter another 5000 next week, hoping for a pullback to $4.30.

I don't expect it to go back to $25. However, if everything stay the same now, my base case is $12, easy 3x