After a Big Vote of Confidence for Hertz's Turnaround, Is the Stock Finally a Buy Now?
Hertz Global Holdings (NASDAQ: HTZ) has been on a roller-coaster ride over the past few years. It's fitting, then, that billionaire Bill Ackman, a closely followed investor who heads Pershing Square Capital Management, made a big bet on the rental company having a brighter future. Pershing Square recently disclosed a purchase of 12.7 million shares of Hertz.