It's Tuesday, May 26th. Welcome to Market Foolery. I'm Chris Hill joining me from a safe social distance. Mr. Jason Moser, good to see you my friend.

Good to see you, my friend.

Good to see you. We've got to see you. We've got footwear news.

We've got a lot of automotive news and we're going to start there with Hertz because just like we saw with

JCPenney in retail, what had been rumored for a while is now official.

Hurt's Global has filed for Chapter 11 bankruptcy protection.

The New York Stock Exchange is going to de-list the stock and this is,

I don't want to set this up as, wow, this was an unbelievably stable company from a financial standpoint to begin with, but just

when you look at the speed with which this stock went from the low 20s to its current price of $2 in change.

This is a swift end for Hertz Global.

Yeah, I mean it is it was I would say that this was kind of just the icing on the cake

really I mean this was a very challenged business before

the COVID-19 pandemic hit.

And that certainly accelerated its demise.

I mean, it's obviously accelerated the demise

of many businesses.

But I mean, Hertz was in was in a challenging it was in a challenge position before this I mean sales essentially flat

They were taking losses left and right and they've also been plagued by management upheaval.

I mean they've named it's fourth CEO in six years just this year.

And so, you know, the one thing I always think about when you see sort of a,

when you see a revolving door like that with

with leadership if you don't have a leader in place that's been there for a while

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