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Do is a good idea to invest in hertz after bankruptcy filing

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Reference no: EM132722182

On May 22, Hertz filed for Chapter 11 bankruptcy. Shares of Hertz plummeted on May 22nd. However, after an initial post-bankruptcy filing nosedive, shares of Hertz rallied between May 26 and June 8. The price per share skyrocketed from 56 cents to $5.53 over that period, gaining nearly 900%. Apparently, many investors were buying the stock.

Problem 1: Based on today's lecture, do you think it is a good idea to invest in Hertz after the bankruptcy filing? Post your thoughts on discussion board (Extra credits will be given to students who participate in discussions).

Reference no: EM132722182

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