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Tellabs, Inc. Message Board

  • kodak_one_moenton kodak_one_moenton Nov 23, 2012 11:05 AM Flag

    broker predicts REVERSE stock split for 367 million shares outstanding

    Broker says SELL
    likely 1 for 10 reverse stock split; and the brokerage firm does not believe management will use any of its needed cash for share buyback. All talk, smoke and mirrors.
    Has price target of $1.40 by year end on tax selling.

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    • That's funny, because I received a call from my broker last week with a table pounding BUY recommendation. And this broker has a very good reputation and track record with sub $5 stocks. Why would the company even consider a reverse split? That's laughable. How many shares are you short on TLAB? If you are you better cover quickly. The stock is very likel;y headed back up to the $3-$3.25 area in the next couple of weeks and when the fiscal cliff solution is reached it could challenge the highs of this year.

      Sentiment: Strong Buy

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