The stock market generally just tells you how the investment class is doing. Recessions hit much harder in terms of jobs, wages and cost of living. The stock market can theoretically be doing great while a majority of Americans are going through economic hardship.
It might be a lousy indicator but it is a very good example of a good opportunity. Hertz has been sitting at around $18-20 a share and tanked with this market drop (Recession). They were as low as .80 cents a share. Now sitting just over $5. In it's peak it was once over $80 a share. Even now buying 100 shares would be a very good bet. Your talking $500 with the possibility of going to $2000 or higher in the next year. This is a perfect buy and hold stock. Hertz has a very big name. And they probably will not fail. If nothing comes and it stays under $6 a share you lost nothing. Highly doubt it goes completely out of business. This is what small investors need to be getting into. Options with a chance at 300% return over a year or two.
Sarcasm with a bunch of reality! https://www.cnbc.com/2020/06/09/the-hot-new-thing-to-make-your-stock-pop-go-bankrupt.html
They've declared bankruptcy. There's no guarantee the stockholders won't be completely wiped out in the reorganization, even if the business survives. Not saying one shouldn't invest, just that the potentially high reward comes with a high level of risk. barfo
Over my 40 plus years of traveling and using rental cars I've learned it is a cutthroat business and Hertz doesnt have near the market share they used to have when OJ was their man. There are so many players and several that are super competitive and usually Hertz is not one of them.
It's only a good bet if we don't suffer another relapse from the Covid-19 virus. It won't be safe for at least another year, maybe two.
I actually don't even think it's a "Good Bet". It's a risky bet at best. But a risk with high rewards. Now if i was putting 100K into it the entire issue would be different.
Weird reduction. The hardest hit sectors are already down. This drop is different? This one worries me much more than the first one. Pretty much tells me this is gonna take a bunch more time to fix.
It likely dropped because Fed Reserve Chair Jerome Powell said exactly that--that it's going to take years to properly recover.
