Here’s one from the reader mailbag. What’s your advice for this reader on Citigroup’s (C) reverse stock split?
I need some advice. My husband and I are a young newly married couple and we invested in Citigroup when it was 3.50 and bought 1350 shares. Will this split be a positive turnout, or should I take my little earnings and run? We don’t need the money at this time, but I would also hate to see it flush down the drain. Any advice would be greatly appreciated!!! Please…..help.
See my earlier BusinessWeek story on reverse stock splits for some additional background.