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This page contains all of the posts and discussion on MemeStreams referencing the following web page: AT&T, Hardly a Penny Stock, Plans 1-for-5 Reverse Stock Split. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

AT&T, Hardly a Penny Stock, Plans 1-for-5 Reverse Stock Split
by Jeremy at 9:12 am EDT, Apr 11, 2002

Is it conceivable that shares of AT&T might trade for less than $5?

Not to AT&T's board apparently. In an SEC filing, AT&T said it planned to ask shareholders to approve a 1-for-5 reverse stock split. The move is being proposed for its supposed psychological effect on investors. At AT&T's current stock price, the company's shares would trade for about $4.30 after AT&T completes its deal to sell its cable television business to Comcast for $47 billion in stock. With the reverse split, the number of shares outstanding would be reduced, lifting the price for each remaining share to more than $20.

AT&T is now resorting to mind games ... This can't be a good sign.


 
 
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