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Posted by
Two Blokes Apr 21 -
Filed in
Stock
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Hertz shares surged 44% after Bill Ackman acquired a 20% stake, making him the second-largest investor and sparking speculation of activist changes. Hertz faces financial challenges with declining cash reserves and rising debt, but Ackman's involvement could facilitate capital raises and strategic AI-related expansions. Despite financial woes, Hertz's valuation is attractive, trading at a discount to the sector and its historical averages, offering potential for short-term gains.
