Hertz files for bankruptcy

DG-X5 · May 25, 2020, 8:55pm

Vroom shuttles you over to manual reviews (with email appraisals) after the 5th consecutive VIN check, so unless you’ve got a ton of dummy emails to burn, that may be rough.

02cic · May 26, 2020, 12:04am

But yeah, 50,000 emails would be tough to automate

joeblogs · May 26, 2020, 1:14am

Browsing through the Hertz’s cars, I’m surprised how many high mileage cars there are, those must be the uber mobiles.

emasyakin · May 26, 2020, 1:24am

not an ad or anything, but there is a plenty of services that will let you have unlimited email addresses.
E.g. https://mailosaur.com/

emasyakin · May 26, 2020, 1:26am

it’s not too diffcult to setup own mailserver somewhere on microsoft office 365 and generate random set of “enterprise” users.

Seby12 · May 26, 2020, 3:00am

Does anyone have any idea how low prices will go?

I think I’d become a Nissan Versa owner for under $1000.

Lvs23 · May 26, 2020, 3:01am

You won’t have a chance. It will all go to big boys via Auto Auctions

Seby12 · May 26, 2020, 3:02am

And there goes my dream of an engine swapped Versa.

Oh well.

z0lt3c · May 26, 2020, 3:10am

I think this is more an illustration of the inaccuracy of KBB vs anything else. The MMR on that XTS is $18,450. So Hertz wants to make about $4K retail and Carvana is looking at making about $800 wholesale, both of those prices make sense.

Lvs23 · May 26, 2020, 3:11am

I’m not relying on that KBB meter. That measure isn’t for me to impress how much saving there are:)

signanddrive · June 5, 2020, 2:16pm

jeisensc · June 8, 2020, 6:40pm

Two interesting bits on $HTZ worth sharing today

Currently up 93%

coss1600 · June 8, 2020, 7:07pm

I am guessing many are using their change to buy it thinking they can make a quick buck? It’s weird how human think. Say you have $2500 to invest. Many would prefer to buy 1000 shares of something at $2.5 than 1 share of amazon at $2500 as they think amazon is too expensive

jeisensc · June 8, 2020, 7:09pm

Probably a safe bet (betas, seeking alpha):

justsharing · June 8, 2020, 7:20pm

Why do you think splits happen?

vhooloo · June 8, 2020, 7:28pm

Hertz announced that if they liquidate, each shareholder will get a car.

Electric · June 8, 2020, 7:32pm

Just what I need, a Nissan Sentra with 40K miles on it.

MDR · June 8, 2020, 7:39pm

With a 20k disposition fee LOL

Carfuffle · June 8, 2020, 7:57pm

I’m so confused on this one.
Those shares have the possibility of disappearing at any time. Plenty of stocks do but this one is on the conveyer belt already.
Is there any smart money in this?

DG-X5 · June 8, 2020, 8:17pm

Not in my opinion, and I’d recommend staying far far away. Too often in cases like this, the fellow in to make a quick buck is the one left holding the bag.

At some point in the not so distant future, assuming things go per how most every other similar historical bankruptcy has gone, the equity shareholders will be wiped out. Gone, vamoose. Shares = worthless.

When will that happen? Not quite known. Will it happen? Very likely.

If you’re looking to make very short plays and go in and out, have at it, but I wouldn’t risk any serious money you can’t afford to immediately say bye-bye to (assuming the worst does happen).

And before anyone gets the brilliant idea to short their shares or start buying puts, remember, every instrument ultimately needs a buyer on the other side.