A 1 for 10 reverse split would be the kiss of death for shareholders. In my experience it's been diasterous for shareholders involved in such a split.
Case in point is Citigroup. They did a 1 for 10 reverse split at around $5/share. Analysts thought this was the cat's meow ,calling for a target price of $100/share. From the new price of $50/share the stock steadily dropped and despite a record setting stock market C has yet to reach $50.
I'd rather see a 2 or 1 split than a reverse split but would prefer no splits whatsoever. Above all I want to see some profits.
If this is true ,it's the most positive, hopeful and optimistic sign that the company is on a path of growth which will hopefully translate into substantially higher shareholder value soon. GO JO!!
Shareholders get no news on what's happening within the company. Consequently this message board is basically dead with nothing to comment on or discuss.
It's frustrating that as owners we are completely ignored. In fact, we've heard of only one significant client, Gloria Estefan, being signed since new management took over.
In a desperate attempt to ascertain if management is actively involved in bettering the company I'm asking,on behalf of all those owning stock that you help us in our quest and thirst for news.
Employees, are you seeing management as inept as shareholders are perceiving them to be? Clients are your expectations being met? Are you being well represented, getting work and happy with the agency relationship?
Sure would be nice to hear from you as you may be our only source for any news. Anything positive would really be appreciated. High hopes for a new dynamic management team taking WHLM out of the penny stock realm, however, are diminishing evidenced by a going nowhere low stock price and negligible trading volume, most days none at all..............Longtime And Concerned Stockholder
Lot of us bought years ago in the $20 range and stayed with Ford and supported Ford thru the years and didn't throw in the towel when everybody else did driving the price down to where you bought .
Would rather see them use the dividend money to pay off debt and strengthen the bottom line. An enhanced balance sheet is needed to get us out of this going nowhere rut.
And the owners of the company get nothing but a "going nowhere stockprice" because of reckless spending and greed before paying off debt and building cash reserves for the next dip.
Shareholders who bought long ago and stayed with and supported Ford thru the rough times aren't even close to breaking even and remain in the hole with little sign of climbing out soon.
Ford needs to stop the reckless charitable spending and get their ducks in a row first.
Instead of helping the owners of the company you give $100,000 to the Red Cross instead. Why not contribute to shareholder value and reducing debt before giving money away. What a spendthrift company Ford is becoming.
Where in the world can you find a bank that pays 3%? Can't imagine why investors aren't more excited about Ford. You get a super return on your money and you might say it's guaranteed with such a low PE which is a pretty good indication that F will probably be going higher in time adding even more to your return.