Reader Mail: Does Citigroup’s Reverse Stock Split Signal Sell?
August 28th, 2009 | Posted by stockPosted by: Lauren Young on August 28, 2009
Here’s one from the reader mailbag. What’s your advice for this reader on Citigroup’s (C) reverse stock split?
I need some advice. My husband and I are a young newly married couple and we invested in Citigroup when it was 3.50 and bought 1350 shares. Will this split be a positive turnout, or should I take my little earnings and run? We don’t need the money at this time, but I would also hate to see it flush down the drain. Any advice would be greatly appreciated!!! Please…..help.
See my earlier BusinessWeek story on reverse stock splits for some additional background.
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