Hertz Global Holdings, Inc.
HTZ
pitch
long
Joe
Thesis
Hertz is expected to maximize shareholder value by leveraging HERC, using proceeds to pay down corporate debt, and spinning off HERC in a tax-efficient manner. This strategy is projected to lead to EPS accretion of $0.14 to $0.19 and a target share price of $36, representing a 52% upside from the current price.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The expected EPS accretion and share price target are contingent on future events that may or may not have occurred. Therefore, the outcome remains uncertain.
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