While I'm happy for the recent gains in this stock, I want to know when the thieves at JDSU will make whole those they stole from with the lousy reverse split in October of '06. Totally screwed over everyone who held this stock.
Same value prior to and and after the split, so splits mean nothing other than remaining on the big board. Maybe you should have been looking at your investment strategy and sell while it was falling?
Agree. Had it not been a reverse split this stock would have traded today at max 3.5/ share (28/8)....Is like a pennys stock, reverse split and cash in for the management!!!!
....pigs will get slaugthered on this one. Will end next week below 26
I think the stock would be more than the adjusted $4ish price. $28? Who knows but certainly more than the reverse split price. The current run up isn't due to the reverse split and you need to go back to class if you think it is. The thing that saved them was the fact that they cut payroll, sold off unnecessary parts, and finally started to refocus on their core business.
The reversal occured to avoid being delisted on the NASDAQ exchange. No shares were stolen. No monetary value was lost. The price of the stock was multiplied by eight-fold, and the amount of stocks in one's portfolio became 12.5 percent of what it was before the reverse split. Had the r/s not occured, JDSU would be a $4 stock today.