For Hertz shareholders, it has been tough to keep the faith over the past year. As the floundering car rental company has struggled to show any sign of a turnaround, investors have dumped both the firm’s shares and bonds with the selloff accelerating over the past few months.
Over the past six months, shares in the company have lost more than 60% of their value, and some of Hertz’s bonds are among the worst performers this year for commercial services peers in the Bloomberg Barclays US Corporate High Yield Bond Index. According to Bloomberg, for the company to be able to raise more cash at...
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