Upwards potential considering the riskiness of hertz decreases some unkown percentage now that it has slapped together a deal with credit suisse to handle their debt.
Slightly better probability now but still significant downside risk of bankruptcy.
The bet is will this company go under ... forever ... or will it emerge from bankruptcy lighter on the books and...
Hertz likely using negotiating tactics before earnings announcements. They lightened their workforce and took appropriate steps to weather the upcoming storm.
I doubt they will announce bankruptcy and when they don't this will shoot right back up to where Karl Icahn's DCA is around $7-8
Huge reward and little risk if you don't believe bankruptcy will happen.
Highly likely that this customer is amazon.
If it is. THIS IS HUGE! And it is not yet priced into their earnings estimates so this could greatly boost earnings growth numbers in their next report.
They issued shares which is why the recent slump
YET EVEN WITH SHARE DILUTION... we are seeing a sharp increase in price showing that even though it is less scarce,...
High short interest still which may drive this higher
I felt it wise to take some profits as if I were the market maker I would want one more chance to accumulate shares before earnings ...
So could be a sleight retracement before earnings and then I expect a blowout