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Why is Hertz going bankrupt?

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The “Greater Fool Theory in Action”: Hertz’s Bankruptcy Stock Offering

June 16, 2020December 10, 2020 Tim Bandou 0 Comments Business, Chapter 11 Bankruptcy, Coronavirus, Economic Recession, Investing, Investment, Is Hertz a good stock to buy?, Is Hertz going bankrupt?, Money, SEC, Should I buy Hertz stock?, Should I short hertz stock?, Stock market, Why did Carl Icahn sell his Hertz Stock, Why is Hertz going bankrupt?, Why is Hertz stock rising?

Despite filing for bankruptcy, Hertz is planning on issuing $1 billion worth of common stock. Is this the Greater Fool Theory at work?

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