Believe It! Hertz Stock Takes a Rasengan to the Gut!

Dattebayo! A Rough Start to the Day!

Hey everyone Naruto Uzumaki here reporting live! So I heard Hertz you know the rental car place? Well their shares took a nosedive faster than I can eat a bowl of ramen! Apparently their first quarter earnings were worse than fighting Pain without a plan. They even announced a $250 million stock offering. Talk about needing a 'Shadow Clone Jutsu' to get out of this mess!

Rasengan Sized Losses!

Alright so get this: they were expecting to lose 97 cents per share but they actually lost $1.12! Dattebayo! That's like missing the target with a Rasengan! Their automotive revenue was also down which is like running out of chakra in the middle of a battle. Not good believe it!

Stock Offering? More Like a Desperate Jutsu!

Hertz is trying to raise $250 million by selling more stock. Their CFO Scott Haralson says it'll help them deal with upcoming debts. It's like using the 'Summoning Jutsu' but hoping a toad with a money bag shows up instead of Gamabunta! They're hoping for a miracle folks!

Trump's Tariffs and Tourism Troubles!?

Turns out Trump's auto tariffs are making new and used cars more expensive. Plus less tourism means fewer people renting cars. It's like fighting on two fronts at once! Hertz is trying to offer fewer cars to rent which sounds like a bad idea but hey what do I know? I'm just a ramen loving ninja!

Back to Basics Roadmap: Can They Pull a Comeback?

Hertz has this plan called the 'Back to Basics Roadmap' to fix things. They want to use vehicles better and make sure they have more demand than cars available. It's like trying to master the Rasenshuriken – super tough but if they pull it off it could be epic! Their CEO Gil West is focused on cutting costs and managing the fleet. Time will tell if it works dattebayo!

Wall Street Hokage Says: 'Net Negative'!

Some fancy analyst dude from Barclays Dan Levy thinks this is all bad news. He says the risk is on demand and despite some improvements it's a 'net negative'. Ouch! But hey even the Hokage had tough days right? Hertz has to keep fighting and show everyone what they're made of! Never give up never surrender dattebayo!