(Bloomberg) -- Hertz Global Holdings Inc. warned prospective new stock investors they’re all but certain to be wiped out as the car renter proceeds with an improbable share sale in the midst of bankruptcy proceedings.Equity holders will not see a recovery from any bankruptcy plan unless those with more senior claims, including bondholders, are paid in full, Hertz said in a prospectus Monday. That would require “a significant and rapid and currently unanticipated improvement in business conditions,” the company said.Hertz shares traded down as much as 25% shortly after the start of regular trading, though the stock is still well above where it first traded after the company filed for Chapter 11. A bankruptcy court judge signed off on the equity sale last week after the company pledged to alert buyers about the potential they could be wiped out.Jefferies LLC, which is leading the share offering, will get as much as...
Volatility is the name of the game right now. Last week, markets had their worst close since March, despite a Friday rally. The S&P 500 lost 6% on Thursday, the index’s worst trading day in three months, and finished the week down 4.8%.Worries about a new spike in coronavirus cases, along with racially charged urban rioting, have put investors in a selling mood. But remember the old cliché, that the Chinese word for crisis is composed of the symbols for ‘danger’ and ‘opportunity?’ The market’s gyrations these last few trading sessions have given income-minded investors an opportunity, if they are willing to shoulder some risk.The question for investors, of course, is where will the market head next? Are the gains returning, or is this just the next hill of the roller coaster? Uncertainty is the only certainty, making defensive moves, toward dividend stocks, a smart play for investors. Using the TipRanks...
GE said last month it was planning to cut the global workforce of its aviation unit this year by as much as 25%, or up to 13,000 jobs. GE Aviation had previously issued furloughs impacting about 50% of its U.S. maintenance, repair and overhaul employees and new engine manufacturing. Slattery will assume the role of president and CEO of GE Aviation on Sept. 1, and Joyce will transition to non-executive chair of GE Aviation through December 31....
In this article you are going to find out whether hedge funds think The Trade Desk, Inc. (NASDAQ:TTD) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]...
Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak with Yahoo Medical Contributor and Columbia University Associate Professor of Emergency Medicine, Dr. Dara Kass, about the the spike in U.S. coronavirus cases, contact tracing, and COVID-19 vaccines. ...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]...
