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Post by halmorris on Mar 14, 2020 0:57:11 GMT -5
$8.02 and I'm Getting 1000 Shares on Monday and riding it out to $20, this looks like a great buy !!! Come get some and we will ride together.
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Post by Deleted on Apr 5, 2020 14:48:24 GMT -5
I'm assuming you know Carl Ichan is interested in the stock
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Post by halmorris on Apr 15, 2020 17:21:05 GMT -5
Down 0.27 Today to $5.75
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Post by birdnest on Apr 15, 2020 18:38:42 GMT -5
I’ve been watching this for a while on my watch list. It may not be a bad buy right now but I just can’t get excited about it so I pass - kind of like the cruz ships. I just can’t.
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Post by Deleted on Apr 24, 2020 12:03:23 GMT -5
HTZ trading locked at Bid Ask / $3.50 $3.51
Huge volume on the Bid
Read some article on this earlier and thought no way will I buy a co. with $17B in dept with financials looking terrible
Rental co. customers are nil and used car prices are in a downfall & HZT has to sell its fleet at reduced prices
However the price is locked for an hour and a half and bidders/buyers are still strong on Level II, big # of shares on bid, possible something is going on, i'm guessing Ichan is doing the buying. I believe, not sure, Ichan original paid $8
I saw this on MLCO years ago big blocks of 25,000 shares trading locked at $7, I was guessing it was a positive trade, wound up selling at $25. 6 months later it was at $45, sold to soon. OUCH!
I bought shares of HTZ today, I'm guessing Ichan or another hedge fund is buying due to it trading locked.
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Post by Deleted on Apr 24, 2020 13:19:05 GMT -5
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Post by Deleted on Jun 14, 2020 7:02:58 GMT -5
Hertz bankruptcy stock sale Hertz Global Holdings Inc. racked up more than $24 billion in debt by the end of March, according to its bankruptcy filing, with only $1 billion in available cash. finance.yahoo.com/news/looking-buy-car-hertz-selling-153511168.htmlAdd April and May costs so HTZ debt has more the $24B+ in DebtStarting in mid-March, the company – whose car-rental brands also include Dollar and Thrifty – lost all revenue when travel shut down due to the coronavirus. The company made "significant efforts" but couldn't raise money on the capital markets, so it started missing payments to creditors in April, the filing said. Hertz has also been plagued by management upheaval, naming its fourth CEO in six years on May 18. In late March, Hertz shed 12,000 workers and put another 4,000 on furlough. It cut vehicle acquisitions by 90% and stopped all nonessential spending. The company said the moves would save $2.5 billion per year. On Friday, bankruptcy court approved Hertz's request to sell 246.8 million unissued shares to Jefferies LLC to raise up to $1 billion in new equity.Why Jefferies would buy $1B in new stock I cannot figure out unless by some miracle HTZ is coming out of Bankruptcy? ??So with the sale of the stock to Jefferies HTZ may have less then $2B in cash and over $24B+ in cash.Icahn bought $1.5B in stock at $6 to $8 and sold it for $0.72 so i'm guessing Icahn lost about $1.25B+I still have no idea what the Lawyers for have in mind for HTZ I'm still confused???Jay Black , in 1968, sung a song titled "this majic moment", this may be one of those moments??? Below is the link to the song.
video.search.yahoo.com/yhs/search?fr=yhs-symantec-ext_onb&hsimp=yhs-ext_onb&hspart=symantec&p=jay+black+this+majic+moment#id=11&vid=2b2e94fec36f0134d7c15e96a9357926&action=click |
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Post by halmorris on Jun 23, 2020 4:05:33 GMT -5
$1.30 and I'm still Interested in More
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Post by Blitz on Jun 23, 2020 6:29:26 GMT -5
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Post by Deleted on Jun 24, 2020 11:02:03 GMT -5
HTZ up over +$0.32 yesterday and up +$0.63 today and the company said everyone will lose their money?
I quess people are not reading the news?
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Post by Blitz on Jun 25, 2020 11:27:06 GMT -5
I guess it’s like musical chairs where the winners get out of the game early ...You don’t want to be the last person left with a chair.
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Post by Deleted on Jun 25, 2020 12:18:00 GMT -5
Yeaterday there was an article indicateing several cos. may be interested in HTZ because of their 150,000 car inventory.
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Post by Deleted on Jun 25, 2020 12:22:46 GMT -5
Hertz's stock soars after Jefferies says CarMax, AutoNation may 'swoop in' ; Published: June 24, 2020 at 9:49 a.m. ET : By Tomi Kilgore
HTZ -0.62%
KMX -0.73%
AN -0.22%
CAR -1.57%
Shares of Hertz Global Holdings Inc. HTZ, -0.62% shot up 20% in active trading Wednesday, putting them on track to snap a 4-day losing streak in which they plunged 38%, after Jefferies analyst Hamzah Mazari said his checks suggest that CarMax Inc. KMX, -0.73% and AutoNation Inc. AN, -0.22% could be interested in the bankrupt car rental company. Trading volume was 18.8 million shares, making the stock the most actively traded on the NYSE. Meanwhile, CarMax's stock gained 0.3% while AutoNation shares fell 2.3%.
Mazari said the most obvious way for auto dealers CarMax and AutoNation to "swoop in" would be to bid for 150,000 of Hertz's used cars, which are likely to be sold to pay off lenders, but also as Hertz looks to reduce its fleet given current demand and need to shore up cash. He believes a sale of 150,000 used cars could raise $3 billion. Separately, Mazari said he believes the $1 billion in liquidity Hertz had as of March 31 will have dwindled to about $365 million by June 30, which means the company needs debtor-in-possession financing of at least $900 million. "We think the longer [Hertz] takes to re-emerge from bankruptcy with a cleaner capital structure, the more opportunity there is for rivals to pick up share," Mazari wrote in a note to clients. Rival Avis Budget Group Inc.'s stock CAR, -1.57% fell 4.5% in morning trading.
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