Follow Icahn's Lead to 40% Potential Upside in This Beleaguered Stock: Hertz Global Holdings (NYSE: HTZ)

Among the phrases that investors hate to hear, "accounting restatements" ranks near the top.

At a minimum, it means that a company maintained sloppy accounting standards. Worst case, it means that a fraud was perpetrated, such as a leading sales executive lying about contracts or a financial officer cooking the books.

Yet, there can be a silver lining. It can push shares well below intrinsic value to the point that upside results simply from new management cleaning up the mess. That's the setup in place for Hertz Global Holdings (NYSE: HTZ)  (more)

 Please share this article