That Hertz
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When traveling alone for business, if I take out a rental car, it’s usually a compact or an economy car. I refuse larger cars even when offered for the same rate as a compact or economy because (1) the smaller car is easier to park and navigate and (2) the smaller car is more fuel efficient, which translates to lower gasoline expense for the trip.
There was one time I had to rent a minivan because there were no smaller/cheaper car available, and the first thing I did was driving it 18~20 miles to another rental facility that belong to the same rental car company and exchanged it for a compact. It was actually a “crossover” SUV but for some reason the rental car company classified it a “compact.” Again, I took that crossover SUV because there was no smaller car available there.
The most expensive car I ever rented was a Mercedes Benz. I was attending a huge trade convention at the time. It was a last minute decision to rent and the rental facilities in the area were all out of smaller cars. Only minivans and luxury cars were available. I did not want a minivan because I wanted maneuverability and easy parking, so it was down to a Mustang vs a Mercedes C300. The Mercedes was originally priced higher than the Mustang, but I preferred the Mercedes because I figure a Mustang is more likely to attract a traffic cop’s attention. So as soon as the rental car agent agreed to lower the rate for the Mercedes to match the rate of the Mustang, I took the Mercedes. It was a smooth, quiet, and steady drive, but took me a while to figure out that controls for seat adjustments.
I don’t think I have ever deliberately driven any rental car “hard.” I just never have the urge to do so. I just want to get from point A to point B in the most uneventful way possible.
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@xenon said in That Hertz:
(I was also slighly hungover that day - may have something to do with it)
LOL.
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https://www.cbsnews.com/news/hertz-stock-offering-price-bankrupcy/
In the middle of a bankruptcy filing, Hertz’ stock rose 4 folds since the filing. Hertz said it was going to sell 250 million more shares on top of its existing 150 million shares, and its per-share stock price rose some more on the news. All while the bankruptcy math suggests that all shareholders will get wiped out.
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Quibble: Though they theoretically get wiped out, in practice they usually get a pittance because it’s easier for the creditors if the shareholders agree to the resolution.
But they won’t get anything like $3. This is irrational, or there’s something going on beyond what we know about.
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@Axtremus said in That Hertz:
https://www.cbsnews.com/news/hertz-stock-offering-price-bankrupcy/
In the middle of a bankruptcy filing, Hertz’ stock rose 4 folds since the filing. Hertz said it was going to sell 250 million more shares on top of its existing 150 million shares, and its per-share stock price rose some more on the news. All while the bankruptcy math suggests that all shareholders will get wiped out.
Hertz stock price goes from 20 dollars to 50 cents and the news is four fold increase to 2 dollars.
Folks that’s the big picture that is missed in this link. Hahahaha
