So here's a question from the audience. Are all these dividend and reverse splits assumptions already baked into TWX's current price. Why haven't the boat-load of cash and stock received from TWC had any effect on TWX's stock? Thanks in advance
First,go to Timewarnercable.com and click on investor relations. It will take you the financial news column. Click on 2/26/09 news release. It may answer most of your questions. There is a phrase, on March 12 a 1 for 3 reverse split will be issued 'without any change to par value on such shares', whatever that means. I take it that if you held 300 shares at the going price (say,$18.00/sh) at a designated time, you will be issued 100 shares at $18.00 on March 12th. Then, of course, I could be right.