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Is A Proxy Fight On The Horizon For Hertz?

Hertz Global (HTZ) could be seeing some changes soon. Activist investor Carl Icahn announced that he may seek board representation and hedge fund Fir Tree Partners has called for the removal of Hertz CEO Mark Frissora – all on the same day that Hertz filed an 8-K withdrawing its financial guidance for the year. Hertz’s…

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Update: Target Earnings

Target reported earnings Wednesday morning of 78 cents per share, in line with the revised outlook Target released earlier this month. While Target’s sales showed some improvement, the company’s margins are shrinking and its earnings are low, which I predicted. Wednesday’s reports confirmed my opinion that Target is not “delivering enough value to justify its price points”.…