Did the 2020 global pandemic kill off Hertz? The Company’s stock price which at one time went as high as $150/share, had fallen to as low as $0.40 cents/share after it declared bankruptcy in May of 2020. At first glance it seemed like the lockdown and impact on travel demand ultimately swallowed up this iconic 102 year-old brand. However, when you peel back the layers and study Hertz’s history, you’d discover that many people over the years were holding shovels and digging the Company’s grave. Check out this week’s Episode 26, Hertz So Bad.
Episode Sources:
O.J. AND HERTZ: THE RISE AND FALL OF A RENT-A-STAR
The Cautionary Tale of the Fall of Hertz
Pandemic Only Hastened the Fall of Already-Ailing Hertz Global Holdings
“This Is Just F–king Unbelievable!”: Bankrupt Hertz Is a Pandemic Zombie
Why Hertz landed in bankruptcy court when its rivals didn’t
Former Hertz CEO Charged In Accounting Scandal
O.J., Accounting Fraud, Icahn: The Story of Hertz Going Bust
Carl Icahn lost $2 billion betting on Hertz
Why Carl Icahn’s Hertz near bankruptcy while rival Avis stays afloat
Wikipedia: The Hertz Corporation
Investing Lessons From the Failure of Hertz
What we learned – and probably didn’t learn – from the Hertz debacle
Hertz Is Still Bankrupt — And Hertz Stock Is Still a Sell
The Bankruptcy Court Has Spoken on Hertz, Now Let the Buyers Beware
Hertz, Car Rental Pioneer, Files for Bankruptcy Protection
Special Guest:
Hamzah Mazari
Managing Director at Jefferies
Hamzah is an experienced equity research analyst with a demonstrated history of working in the financial services industry. His expertise includes equity research, banking, venture capital, options, and asset management. He received his Bachelor of Arts (BA) with a focus in Economics from Stanford University.