After a Big Vote of Confidence for Hertz's Turnaround, Is the Stock Finally a Buy Now?
Hertz Global Holdings (NASDAQ: HTZ) has been on a roller-coaster ride over the past few years. After a brutal patch caused by the COVID-19 pandemic, the company was forced into bankruptcy, only to emerge with a turnaround plan -- which has failed to gain much traction.It's fitting, then, that billionaire Bill Ackman, a closely followed investor who heads Pershing Square Capital Management, made a big bet on the rental company having a brighter future. Here's what he sees.Pershing Square recently disclosed a purchase of 12.7 million shares of Hertz. That sent investors scrambling to get their own shares, pushing Hertz stock up massively:Continue reading
Hertz Global Holdings (NASDAQ: HTZ) has been on a roller-coaster ride over the past few years. After a brutal patch caused by the COVID-19 pandemic, the company was forced into bankruptcy, only to emerge with a turnaround plan -- which has failed to gain much traction.
It's fitting, then, that billionaire Bill Ackman, a closely followed investor who heads Pershing Square Capital Management, made a big bet on the rental company having a brighter future. Here's what he sees.
Pershing Square recently disclosed a purchase of 12.7 million shares of Hertz. That sent investors scrambling to get their own shares, pushing Hertz stock up massively:
