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Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
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Mentor
Lots of variables. What's the total cost of the condo? I cash flow about $200 on my houses that are around 100-120k
I personally don't like investment properties with hoa's (especially high hoa's like a condo) as that's a lot of money and control out the door.
If you're worried about maintenance just hire a property manager. It'll cost less then your HOA that's for sure.
Mentor
What's your debt service to cost ratio? Frankly 200 a month is pretty bad for a ~400k asset but if it's primarily debt service I guess that's fine