Here Are Two Ways to Be Bullish on Hertz Without Losing Your Shirt

The COVID-19 pandemic may have been the classic "last nail in the coffin" for Hertz, but this company has been in trouble for four years now. And with travel at a standstill, Hertz was out of time, money, and options. So just last week, it filed for Chapter 11 bankruptcy. But a week into its bankruptcy, and there's still no credible restructuring plan. Now, ordinarily, investors wouldn't want to touch this stock with a 10-foot pole, especially from a buy and hold perspective. Billionaire investor Carl Icahn might agree... after sinking $1.88 billion into the stock over the past six years, he recently sold his Hertz shares for a whopping $0.72, just about $40 million. But Icahn (and 99% of investors) missed the move Tom's about to show you today. The post Here Are Two Ways to Be Bullish on Hertz Without Losing Your Shirt appeared first on Money Morning - We Make Investing Profitable . Today, I'm going to show you how to intelligently assess your risk/reward potential to play Hertz for profit... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
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