eclecticaries

100 Year Old Giant Turning To Junk Bond Market For Help!

Long
NYSE:HTZ   None
Company sits on plenty of inventory, well staffed, and real estate. It's missing better tech and partnership deals.

The gap very well may fill but if we can consolidate above this may not be the gap fill and split we may be anticipating.

Will Hertz pull through during these interesting times? *Comments are welcome.

Thoughts and ideas are my own.
Comment: Bankrupt Hertz Wants to Sell Up to $1 Billion in New Shares -- WSJ

We're on track for a regular bankruptcy fade, more news to potentially bring out bullish momentum this coming week imo.

Comments

10 dollar strike exp 01/15/2021
+1 Reply
eclecticaries ABCraddock
@ABCraddock, That's bold. I have some of my own regrets as well. Then again I remember trading it in 2017 for $10s-15s. The $1.50 strikes we're almost too good to pass up on, and I did last week. I'd like to see it not split but short float makes it even bolder of a play. Have any forward looking ideas in mind for this company?
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What about the Chapter 11 filing that everyone appears to be identifying for HTZ? Also, the delisting? Thank you for your thoughts.
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