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As the general stock market remains near a high, we always find it interesting to look into stocks that are at multi-year lows. Hertz Global (HTZ) approached a 10-year low today, dropping all the way back to the March 2009 lows. We don’t generally make comments on individual stocks since we make no public recommendations. That’s reserved for our asset management clients. However, we think investors looking for value, who are contrarians, and who have a high risk tolerance, should pay attention to stocks that have dropped so dramatically in such a short period of time. Such declines do not indicate value as there are often very significant reasons for such declines. Value traps abound!
We may start featuring a few select companies who have stocks prices that have dropped significantly. None of these companies are recommended in any way. We do this only to point out the existence of stocks that have interesting charts relative to the overall market. As of this publication HTZ is not owned in any client accounts. It is owned in a personal account of Jason Self, but this does not in any way signal an opinion on this stock.