wow. just read the CC transcript. They totally dodged the question about their whole fleet being overvalued based on Advantage. Also said the potential loss is $50M-$70M and they set aside $44M. If their fleet is impaired and they get a credit downgrade, this is a sub-$10 stock
Wow if you're right and you short HTZ stock you will make a lot of money. I think Advantage is under capitalized and was forced to auction vechicles. Hertz could sell the same cars through their retail outlets and get a better return.