Carl Icahn holds 38% of Hertz's outstanding shares. Wonder what he thinks about a bankruptcy.
Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
https://www.cnbc.com/2020/05/23/hert...-pandemic.htmlA large portion of Hertz’s revenue comes from car rentals at airports, which have all but evaporated as potential customers eschew plane travel.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Carl Icahn holds 38% of Hertz's outstanding shares. Wonder what he thinks about a bankruptcy.
Volume absolutely through the roof today as HTZ craters 80% from already decimated levels. Everyone that could get a bid unloaded it today.
htz.JPG
Just came across the ticker:
Explains the enormous volume surge a few days ago. Up 136% today on short covering, but anyone who sold this company short on or before 5/22 made $$.ICAHN SAYS SOLD HERTZ POSITION AT 'SIGNIFICANT LOSS'
13D shows loss of $302,167,682 (89%) for one of the world's most high profile investors. Think about that for a moment. This fund has access to all the information you would ever need to make a wise investment choice and it didn't work out.
https://www.sec.gov/Archives/edgar/d...da05272020.htm“I have been an investor and supporter of Hertz since 2014. Unfortunately because of Covid-19 which has caused an extremely rapid and substantial decrease in travel, Hertz has encountered major financial difficulties and I support the Board in their conclusion to file for bankruptcy protection. Yesterday I sold my equity position at a significant loss, but this does not mean that I don’t continue to have faith in the future of Hertz. I believe that based on a plan of reorganization that includes new capital, Hertz will again become a great company. I intend to closely follow the Company’s reorganization and I look forward to assessing different opportunities to support Hertz in the future.”
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks