Archive: transportation

Investors Should Avoid Getting Hertz

By Andy Gordon on June 17, 2020

Hertz is the latest example of baffling investor behavior.  On May 22nd (the Friday leading into Memorial Day weekend), bankruptcy rumors caused the car-rental company’s  stock to drop 7.5%. The rumors turned out to be true. Hertz officially filed for bankruptcy that night. And by the time the markets reopened, their shares had further plummeted down to an abysmal 41 cents.  Then something quite remarkable happened.  In a five-day span from Wednesday,…