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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!
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Still a buy?
It dropped 4% id say buy.
I would also add they report earnings today so something is guaranteed to happen, it either surges or tanks
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