https://www.autorentalnews.com/10121576/liquidation-on-the-table-for-hertz
6 replies (most recent on top)
Incompetent management and money hungry greedy people for you
Do the math. $1 billion cash liquidity divided by $100 million weekly operational costs equals empty piggy bank NLT mid-September. Negligible revenue with no foreseen improvement will have no impact on the balance sheets. Factor in $19-24 billion debt burden with no plan by weak compnay leadership on how to deal with it. I say Chapter 7 before EOY.
Looking like a high probability. It’s not looking good. I’m also curious how much cash on hand is left given current cash burn rate.
https://seekingalpha.com/article/4359081-hertz-is-high-probability-liquidation-scenario
The fat lady is just about ready to sing her last song
Yep!
Thank you Kathy. This is all on you. You were the one that screwed up Project One.