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Avis Budget tries harder; drives to widen margins; Former conglomerate focuses on car rentals; shares deemed good buy.

Publication: Crain's New York Business
Publication Date: 19-FEB-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Avis Budget tries harder; drives to widen margins; Former conglomerate focuses on car rentals; shares deemed good buy.(Avis Budget Group Inc.)

Article Excerpt
Byline: Aaron Elstein

Avis budget group inc. got a new lease on life last summer when it shed its real estate and travel businesses to focus exclusively on renting cars.

Since then, shares of the Parsippany, N.J., company, formerly known as Cendant, have soared nearly 50% in value, closing at $27.29 on Friday. Investors' faith has been restored by a management that has focused its attentions on its core business, instead...



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