Many small investors are jumping on the bandwagon that business is finally returning to the travel industry, post COVID, and that Hertz will see it's way through to success after restructuring their debt with bankruptcy filing. But this author warns that a rapid turnover of CEO 's recently, and huge debt, are likely to run the stock price into the ground.
The recent quintupling of stock price (in the 5- day view)
barely registers as a blip at the tail end of a long downward spiral (in the 5- year view) as debt and problems mounted.
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