Monday, August 24, 2020 9:47:20 AM
For example a reverse split buys a company the time it needs to get back on track. For instance when I owned a shit load of Priceline a reverse split worked for the internet-travel giant, which did a 1-for-6 reverse split following the internet tech bust. Since then, shares have risen more than 60-fold, and the company has never seen the need to split its share back to offset the impact of the reverse split.
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