Hertz Global Holdings Inc (HTZ)

[jaxstraw]

I believe you are still seeing Ch 11 equity holders selling off their conversion and taking profit.

Most didn't invest in BK shares as a long term hold....BK players rarely do. Especially so when commons survive in some form.

Based on the returns CAR has seen over the last year....and with Hertz company in a phenomenally better financial position....it would not surprise me to see this eventually head north to higher levels in the coming weeks.

Just a guess of course but it has been my observation it takes a little time for emerging BK companies to clear out the temp players