4 ms·
Aren’t they both nearly bankrupt
by nothercastle 2y ago
Aren’t they both nearly bankrupt
- toomuchtodo 2y agoEquity holders get wiped out, the business recapitalizes, and everything keeps running. See Hertz for an example.
- muddi900 2y agoHertz was a unique case where shareholders won: https://www.ft.com/content/f41eac59-3404-4504-b698-b4ead8f149df https://www.ft.com/content/f41eac59-3404-4504-b698-b4ead8f14...