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Icahn Exits Stakes In HP, Hertz, Freeport-McMoran
Hertz Donut
Article By:
David Merkel
Thursday, June 18, 2020 6:29 AM EST
The stock of Hertz will, with high likelihood, go out at zero. Start with this: the firm has filed for bankruptcy. Stockholders mostly get nothing in bankruptcy.
In this article: HTZ
Bankrupt Hertz Stock Soars After SEC "Has Issues" With 'Worthless' Share Offering
Article By:
Tyler Durden
Wednesday, June 17, 2020 11:17 AM EST
Hertz stock is soaring this morning after comments by SEC Chair sparked 'optimism' among the muppet gallery.
In this article: HTZ
Are Hertz Global Buyers Paying Something For Nothing?
Article By:
Cornell Capital Group
Wednesday, June 17, 2020 3:01 AM EST
In the nearly four months since the COVID-19 outbreak reached the United States the market has experienced an historic crash and equally historic recovery.
In this article: HTZ
FV Trade Of The Week: HTZ
Video By:
Jay Soloff
Tuesday, June 16, 2020 7:53 AM EST
Hertz Global declared bankruptcy and received a delisting notice for its stock last week.
In this video: HTZ
Bankrupt Hertz Warns Buyers They'll Need A Miracle To Avoid Total Loss As Bonds Value Equity At Negative $2 Billion
Article By:
Tyler Durden
Monday, June 15, 2020 10:58 AM EST
While retail buyers of HTZ stock are facing a virtually certain total loss, the big winners from the Jefferies led offering are, well, Jefferies which will collect a 3% commission, the lawyer who will make $200K on the deal.
In this article: HTZ
Hertz' Own Lawyer Admits Stock Price "Disconnected From Fundamentals," Will Go Ahead With Stock Offering Anyway
Article By:
Tyler Durden
Saturday, June 13, 2020 2:26 PM EST
On Friday, a bankruptcy judge approved Hertz' attempt to sell up to $1 billion in stock. The bankrupt company was taking advantage of speculators who have sent the stock as high as $6/share, knowing there is no chance that the stock will have value.
In this article: HTZ
Hertz Trades 50% Higher On Plan To Sell Bankrupt Stock To Robinhooders
Article By:
Tyler Durden
Friday, June 12, 2020 8:52 AM EST
We have hit a permanently high plateau in amazement at the insanity going on in the market.
In this article: HTZ
Used Car Prices Offer Brief Respite After Plunging Below Forecasts Last Month
Article By:
Tyler Durden
Sunday, May 31, 2020 5:50 PM EST
Over the last few months we detailed how used car prices were set to cripple what little interest in new cars remains, how dealers are scrambling to desperately offer incentives, and how ships full of vehicles are being turned away at port cities.
E Market Briefing For Monday, May 25
Article By:
Gene Inger
Monday, May 25, 2020 12:11 AM EST
Amidst the obvious backdrop the market forges ahead, with a 'Fed Put' as the driving force; and with what I call a handful of 'super-caps' at the helm; and a little better performance in so-called value sectors.
Hertz Goes Bankrupt As Non-Essential Consumer Demand Disappears
Article By:
Paul Hodges
Sunday, May 24, 2020 8:47 AM EST
The next few months are likely to be a very bad time for companies hoping to sell non-essentials to cash-strapped consumers - particularly if their balance sheets are stuffed with debt.