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.
-
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.
-
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.
@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
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login