Monday, March 21, 2011

Dick Bove on Citigroup's Revese Split: "...Poorly Thought Out..." (C)

The market seems to agree. After trading up as much as 14 cents premarket, and 12 cents during regular hours, the stock is now down 6 cents at $4.44.
Here's DealBreaker:
Dick Bové Doesn’t Know What Citi Was Thinking With This Reverse Stock Split 

“This  move  is  simply  a  poorly  thought  out  one  by  management;  hopefully  it  will  do   better  running  the  business.”