Why Are Traders Buying Bankrupt Stocks Like Hertz? (Explained)
Channel: AmplifyME
Date: 2020-06-13

Eddie Donmez takes why traders are buying Bankrupt Stocks like #Hertz which is down over 83% YTD. This comes as Hertz is trying to sell $1bn in new equity to mostly unsophisticated retail traders that will inevitably see their stock becoming worthless and capital being transferred to more sophisticated creditors.

In this session Eddie covers the following:

- Introduction (00:00)
- What is Hertz trying to do? (1:53) 
- As long as the music is playing you have got to get up and dance (03:47)
- Is this ethical? (8:48)
- What Hertz is trying to do? (11:30)
- Bankruptcy Explained (13:00)
- Capital Structure Explained (14:35)
- What is Robinhood (16:30)
- Big loss from Hedge Fund Manager (18:00)
- What do the financials say? (19:00)
- Who's at fault? (19:45)

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