Hertz is a big company. It has a yearly revenue of US$9.779 billion. If there’s a 10% chance that Hertz gets rescued and becomes a stable company it might be wroth US$9.779 billion or more. If that chance would be 10% that justifies the $900 market cap.
because their business model has been losing money for years despite several attempts to turn things around.
Hertz is a big company. It has a yearly revenue of US$9.779 billion. If there’s a 10% chance that Hertz gets rescued and becomes a stable company it might be wroth US$9.779 billion or more. If that chance would be 10% that justifies the $900 market cap.
They had a positive net income in 2019.