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Sunday, May 09, 2021 4:20:40 PM
"R/S is always bad, no company with R/S ever succeed. "
https://www.fool.com/investing/2017/07/10/3-stocks-that-had-a-reverse-split-lived.aspx
Three stocks that bounced back from a R/S:
1. Priceline.com (NASDAQ:BKNG) is the biggest winner. It went through a 1-for-6 reverse split in 2003 when the online travel portal was flopping around after the dot-com bubble burst. Priceline has since become an 85-bagger -- not a bad haul over the past 14 years.
2. Citigroup (NYSE:C) hasn't fared as well as Priceline since its 1-for-10 split when its stock was meandering below $5 in the aftermath of the global banking crisis. Citigroup stock has risen 69% on a dividend-adjusted basis since the reverse split six years ago. The S&P 500 has risen 80% in that time, but Citi remains an absolute winner.
3. Biglari Holdings (NYSE:BH) was trading in the teens when it resorted to a reverse split, whereas Priceline and Citigroup were into the low single digits. However, going for a 1-for-20 reverse in late 2009 seemed like the right call to thrust its stock into the triple digits. The stock hasn't beaten the market, but Biglari Holdings has generated positive returns for its stakeholders, up an adjusted 42%.
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