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Cincinnati Bell Inc. Message Board

  • b_zerkley b_zerkley Dec 1, 1998 12:39 PM Flag

    Merrill Lynch target...

    for CSN...$17, CVG..$24. Near term accumulate,
    L/T Buy. Lists CSN as having several undervalued
    assets that will be more visible after spin-off.
    Possible take over target. Report available from M/L.

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    • After the spinoff of CVG, CSN should do a 1 for 2
      reverse split: instead of 100 shares @ $14 = $1,400 you
      would have 50 shares @ $28 = $1,400.
      When shares are
      priced as low as CSN will be after the split problems
      can result: margin issues, etc. Using a reverse split
      to avoid them would make sense.

      • 2 Replies to YeaVijay
      • At a lower share price more people can buy the
        stock. This also allows for greater appreciation to the
        existing shareholders.

        I don't think that it is
        practical from a cost stand point after spending the money
        to split the companies.

        Just my


      • Reverse splits are most common for stocks that
        threaten to become low=priced "penny stocks." CSN can
        actually benefit from its reduced price (saw it today in
        NY Times trading as "wi" (when issued)giving it room
        to "get back to where it belongs." That concept
        doesn't necessarily make sense as far as real value is
        concerned, but who needs "real value" in this wacko market.
        Maybe CSN should just change its name to and
        rake in the big bucks.

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