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Monksdream

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Monksdream

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Thursday, 07/01/2021 4:53:52 PM

Thursday, July 01, 2021 4:53:52 PM

Post# of 658338
The surging stock price of Hertz Global Holdings after its emergence from bankruptcy Wednesday amounts to a big score for the investor group led by Knighthead Capital and Certares Management that won a bidding contest for the rental-car company in bankruptcy court in May.

Shares of the reorganized Hertz (ticker: HTZZ) closed at $26.99 in over-the-counter trading Thursday, above a price of about $14 implied by the final trade in the old Hertz stock (HTZGQ) of $8.74 Wednesday.

Hertz has also issued new warrants (HTZZW) to buy its stock and they ended the day at $11.95. They look like a cheap play on Hertz relative to the stock.

I am writing a book, American Cars of 1958. Check often for the latest addition. https://investorshub.advfn.com/American-Cars-of-1958-37252/

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