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XPO Logistics, Inc. Message Board

  • mnplumb mnplumb Jun 16, 2011 8:47 PM Flag

    Reverse splits seldom work!!!!

    Book value of this company is about $1.00. 33 million shares outstanding = 133 million dollar company. This guy is going to add 150 million $$$ and then do a reverse split 4 to 1. 133 plus 150 = 283 million divided by 33 or so = about $8.50 or so share value. So we get a 12.00 share price with a company value $8.50 per share. Why not just add the 150 and the 133 and make the company a 283 million company keeping the share count at 283 with a book value of over 2.20 or so book value. Its all a numbers game so the big shots can buy higher price stock. Earning will drive up the price, we don't need this reverse split stuff!!!!!

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    • I have been screeming this ever since I heard of the r/s, so I completely agree with you. But after thinking about it I came to the conclusion that this Jacobs guy is much smarter than us when it comes to builing billion dollar companies. There must be reasons we dont know, no one knows what he has in mind, and there could be legal reasons as to why he needs the share price over 10 to acquire different companies. I dont know but I am sure there is a reason. This man appears to be very calculated and one step ahead of everyone else. He has stated he has already looked at over 200 companies as potential mergers. That is amazing considering he just announced the plan to purchase the company. Speaking of which I wonder why he spent 150 million? He could have been the majority share holder with much less spent out of his own pocket. As I said it appears he knows exactly what he is doing.

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