hertz is now more valuable than it was before bankruptcy. more valuation and no debt, it turned out to be great for them
Pretty crazy to see the activity the past few days.
This is nuts, wonder what they will do in RSG
Yeah tbh it doesn’t really make sense to me.
It doesn't these are coming from the retail market meaning not pro investors or hedge funds manager it's coming from general traders. Meaning they don't know what they are doing even after filing bankruptcy the first one to get paid are bond holders and stock holders gets wiped out for sure.
Yes I agree with this, was reading an article that grouped hertz with JC Penney and touched on the spike of retail activity
Tough few days recently. Seems crazy risky to put any money into the stock.
The market is just crazy right now - completely unpredictable.
This is what is meant by “dumb money”
Don't stockholders get wiped to zero in most bankruptcies?
That's my understanding as well - last in line for any kind of distribution in the bankruptcy process.
Preference stack does not matter to RH traders. Just #buythedip and because stock always go up, you'll make money