Good morning Zim!
Yes sir,. Reverse splits usually are the beginning of "death spirals". Over 95% of the time. That indicates things are not good and likely are not reverseable either.
I have watched those things happen for the last 40 years.
Kroger, KR, does 2 for 1 splits. My mother in law worked there her whole life. They let their share price get up around $50 and then do a 2 for 1 split. YES, you have twice as many shares at half the value, which equals the same, but their share price usually just goes back to climbing gradually back up to $50 again.
14 years ago we acquired some shares of ANTM, anthem blue cross and shield. They were around $40 dollars per share. Now they are at around $260 per share.
There are some good buys but today is kinda scary...
At least to me...
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