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Synovus Financial Corporation Message Board

  • longpickuptruck longpickuptruck Apr 25, 2014 9:25 AM Flag

    Illogical RS

    MO is that this B of D's is manned my idiots. At this time there is no logical reason for a RS or to have a 50% stock dilution. MO is we have a Board and all members are short on smarts. MO. Stock has been paying a dividend regularly and it has had a great daily sales average. RS does not make sense.

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    • Unfortunately I agree with you. I checked back in out of curiosity...when I first saw the reverse stock split as an agenda item for the BOD meeting, I sold all my 5,000 shares which I'd accumulated over 4 years. This, due to my experience with a couple of other stocks I had in the past with reverse splits. The probability is that holding 1/7 the shares you used to have, will take several years out to recover or provide any material capital gains. As I've held for over 4 years already, I figure there are more promising places to invest my money over the next 3-5 years, my usual long-term investing timeline. Good Luck.

      Sentiment: Sell

    • Cant imagine the 67% fund holders going for this.

 
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