Thanks for all of your analysis, informative and easy to follow. I come away with this elevator speech: it’s like the bromide that sharks must constantly swim or die. It’s not totally accurate for sharks, but it sure seems to apply here. Hertz needs the bulk of its assets to steadily perform day to day, week to week.… Read more
I mean, the supreme court has already established that state leaders can override the first amendment’s free exercise clause when public health is at stake - and I don’t think the argument that there’s religious discrimination going on holds much water when gyms and movie theaters are still closed in a lot of places… Read more
Nah, stamp their foreheads so that they are denied entry to the supermarket in the first place (and access to healthcare. If it’s all a hoax to them, why would they need to tie up an ICU bed or ventilator, right?).
Ok let’s take this a little further. Let’s say Hertz goes “fuck-it” and dumps all of their used cars on the market, depressing used car prices. Now at this moment, there are a whole lot of private, individual car loans that are about to become default because the people making those payments have been forced to stop… Read more
Awesome post. You could not be more right.
It’s a cash flow problem. Hertz doesn’t have much in terms of actual assets. I think of each car as a small cash flow machine. Money comes in from rentals, and a substantial portion goes right out to make lease payments. So long as there are rentals, there’s no additional capital needed. Right now, the company still… Read more
Didn’t even think about how it would affect all the computer sensors. Excellent point.
For most modern European cars, installing the *factory* hitch basically involves taking the whole back end of the car apart. Complete rear facia and underlying crash structure. Because that hitch is rated for European tow weight ratings, and is designed and mounted accordingly. And correspondingly expensive. If you… Read more
Thank you. Everyone is talking like they know shit without even acknowledging that factory installed options are sometimes much different then aftermarket. Your pictures are a perfect example. If you want it hidden behind the bumper cover with the receiver behind a removable trim panel (clean “factory” look) then… Read more