Replies to post #603949 on Fannie Mae-No Politics (FNMA)

[lumpina]

figures I got it wrong - LOL.

[Guido2]

Thanks Golfbum22. Good explanation.

[Louie_Louie]

Reverse splits are usually done by companies who can not afford to buy back outstanding shares also. This is why when companies announce share buy backs the stock price goes up because the market looks at this as a bullish confidence move on the companies (BOD) part.