ST Alpha - "Hertz filed for bankruptcy. They join the “zero coupon” club of companies that issued bonds that didn’t even make it to the first payment. -- nm" (Reading a Post)

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Hertz filed for bankruptcy. They join the “zero coupon” club of companies that issued bonds that didn’t even make it to the first payment. -- nm

Posted by spamlet May 22 '20, 19:01

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Responses:

So cheap used cars good flood the market? -- nm - Mop May 22, 22:43 1
- They already tried but most of the auctions are shut down. -- nm - spamlet May 23, 04:01
Yikes. I'm surprised that a couple of months was enough to drive them into bankruptcy like this. Wonder how Avis is doing? -- nm - ty97 May 22, 19:26 2
- They were not doing well before all of this. But two months of essentially zero revenue didn’t help. - spamlet May 23, 04:00
- they try harder -- nm - Peglegpete May 22, 19:42

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