Once-Doomed Hertz Rebounded So Much Even Redditors Were Right

Renter got boost from economic recovery, used car value surge
Stock holders set to recover $8 in cash, warrants for holdings

WATCH: The Cautionary Tale of the Fall of Hertzthis: global pandemic obliterates business travel, forcing iconic 102-year-old company to seek court protection from creditors. The long version, however, is a cautionary tale about what can happen when a company places the interests of shareholders ahead of customers. (Source: Bloomberg)

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By Katherine Doherty and David Welch

May 12, 2021 at 4:27 PM UTC

This article is for subscribers only.

During the depths of the pandemic, it wasn’t even clear that Hertz Global Holdings Inc. would be around today, renting out cars.

It is, and the surprises don’t stop there.