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A reverse split isn't automatically a bad thing,

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brooklyn13   Thursday, 08/22/19 08:44:22 AM
Re: BlueSkyMining post# 14933
Post # of 15014 
A reverse split isn't automatically a bad thing, it depends on the backstory.

I'm in a stock of a good company with good revenues and they did a r/s last week and share price has risen since then. If it's a crap company and just does one to get uplisted or attempt to attract institutions, then it will most likely plummet again afterwards. Maybe some remember the bad old days of HTFBS, one of its 3 picks has continued to r/s then decline, several times in the last few years.

Worst case scenario: I was in a stock a few years ago, a robotic surgery platform manufacturer, and it did a 1:4 then almost immediately offered new shares at about 50% of the new price. Which badly burned loyal and long time shareholders.

Share buybacks are also controversial, there's been an ongoing debate about whether shareholders are better served by that same money being used for dividends. There doesn't seem to be a consensus about it, though, the subject is very Google-able if anyone's interested.

I have no idea in what regard DSNY is currently held by the investment world. Good luck to all of you.




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