Eugene David
...The One-Minute Pundit

Thursday, December 18, 2008


This is the fad of the future for Wall Street: reverse stock splits. We get reverse stock splits with badly managed or obsolete companies. There seem to be more of those. Sirius, Unisys and Rite Aid are pretty poor stuff, and one must wonder if reverse splits will help them. Figuratively they're on the pink sheets whatever their price.

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