Seeking Alpha

Popular's (BPOP) 1 for 10 reverse stock split goes into effect today. The stock now trades at...

Popular's (BPOP) 1 for 10 reverse stock split goes into effect today. The stock now trades at $16.20/share. (PR)
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Comments (2)
  • ghwolff
    , contributor
    Comments (10) | Send Message
     
    This should get the high-frequency traders out of the way at last. From now on this stock will be trading on the the fundamentals. They made $150 million last year and have confirmed guidance for this year of $200 million.
    30 May 2012, 11:03 AM Reply Like
  • mikes454
    , contributor
    Comments (11) | Send Message
     
    It is rarely good for a stock to do a reverse split. It takes out the small retail daytraders but the hedge funds will bring it back down.
    30 May 2012, 02:22 PM Reply Like
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