There are at least three things that make the rental-car business great for customers but utterly de

There are at least three things that make the rental-car business great for customers but utterly detestable for investors. bangkok hotel First, there's too much leverage. Second, there's too much depreciation. Third, there are way too many players.
bangkok hotel If you're renting a car at an airport, Expedia has 19 vendors to choose from. Travelocity has 14. Orbitz lists 13. And if you live in a big city and you're just eager to rent wheels for a few hours, there are smart car-sharing clubs ready to serve you. They include national bangkok hotel networks bangkok hotel like ZipCar (ZIP), based in Cambridge, Mass., and smaller outfits like iGo Car Sharing, which serves Chicago.
But could things be changing? Hertz Global (HTZ) will purchase a smaller, mid-market rival, Dollar Thrifty Automotive Group (DTG). Hertz agreed to pay $87.50 a share in cash, an 8% markup from Dollar Thrifty's closing price on Friday, as seen in a Hertz stock chart.
The deal would leave only two large-cap car-rental companies trading in the public markets: Hertz, based in Park Ridge, N.J., and Avis Budget Group (CAR), based in Parsippany, N.J. Essentially, we're talking about the Cola-Cola (KO) and Pepsi (PEP) of rental-car outfits.
Speaking of soda pop, it's intriguing to contemplate bangkok hotel a rental-car industry going the way of the fizzy-drink business. That business, dominated by two big, financially stable players that each control vast portfolios of varied drink brands, has been a good place for investors to make a nifty profit since 1990…