Yet even with Hertz's chances for recovery from the bankruptcy court looking grim and the company facing impairment losses of $40 million from the incident,
dropped 10% b/c of 40mil? they are making 200 mil /quarter. These ppl are crazy!
If Hertz is forced to write down their residual values by the same amount as their impaired cars at Advantage, the loss in market cap exactly equals that charge