Recent

% | $
Quotes you view appear here for quick access.

Citigroup Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • up1.down2 up1.down2 Mar 30, 2011 7:28 PM Flag

    Reason C is doing a R/S

    On a forward or reverse split the Market Remains the same which = same $ value of the comapny. When buying back shares the same dollar 'value' is applied.

    On a R/S the company buys back less share count but at a higher dollar value.

    10 shares @ $4 = $40
    5 shares @ $8 = $40 <- Post Reverse Split

    Still $40.

 
C
58.44-0.13(-0.22%)Aug 3 4:00 PMEDT