Dollar-Thrifty to buy back some of its stock

Tulsa based car rental giant Dollar-Thrifty says it will buy back $100-million of its shares. <br/><br/>CEO Gary Paxton says the buyback shows the company's confidence in its ability to generate strong

Tuesday, December 7th 2004, 6:49 am

By: News On 6

Tulsa based car rental giant Dollar-Thrifty says it will buy back $100-million of its shares.

CEO Gary Paxton says the buyback shows the company's confidence in its ability to generate strong earnings and cash flow. Dollar Thrifty announced earlier it would buyback $30-million of its shares.

The company has about 800 corporate or franchise owned rental stores in the US and Canada. It employs about 8,000 people.