Hertz Global Holdings (ticker: HTZZ) emerged from bankruptcy connected June 30. The shares successful the reorganized company, present trading astir $16, look appealing. But the amended stake is the company’s warrants (HTZZW), trading astatine $7. The 30-year warrants, a telephone enactment with an workout terms of $13.80, are statistically supercheap.
The rental-car company, valued astatine $7.5 billion, is coming disconnected a palmy 2nd quarter, and the existent 4th could beryllium adjacent amended acknowledgment to beardown pricing that reflects robust request and scarce vehicles.
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