- Bid worth 61c already on the table so the downside is limited.
- Alternative bid worth $4.30 just needs financing so that is the most likely outcome.
- Auction May 10th could have unlimited upside including the stockholders retaining 100% of the stock.
- Rental car prices and utilization are skyrocketing so future prospects are very bright and will likely encourage bidders.
- When compared to Avis, Hertz could be worth $22 per share at the same multiple - only the bankruptcy process is holding it back.
For further details see:
An Investment Idea So Good It 'Hertz'