In this episode, we tell you why Hertz stock sale was suspended by the SEC. This is episode 89 of Value Investing in your Car.
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Things have gotten a bit nuts in the market in recent months.
From huge thousands of points swings up and down.
To mass unemployment worldwide.
To horrific economic data.
The coronavirus is wreaking havoc on the world.
Last week, I told you how Hertz Car Rental Company filed for bankruptcy on why their stock was “worthless”. According to its own filings, and how they planned to sell stock in a disgusting way.
Today, I want to tell you how and why this stock sale was canceled since that last video.
Let’s get to it
An episode about Hertz Stock Sale Suspended – Value Investing In Your Car Episode 89
In this 9 – minute video I talked about the following things:
- Why Hertz went into bankruptcy
- What it tried to do to avoid bankruptcy
- How it’s getting ready to rip a lot of new stock investors off
- Why it’s burning through so much cash
- What’s likely to happen during its bankruptcy
- Why Hertz stock is worthless
- Why the SEC involved and stopped this stock sale
- And more…
What did you think about the video above? Let me know in the comments below.
Here are the sources mentioned in the video above:
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- Hertz Files For Bankruptcy via CNN Business
- Hertz Stock Doubles To Erase All Post Bankruptcy Losses via Marketwatch
- HertzFiles To Sell Up To $500 Million In Stock With Warning They Could Be Worthless
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