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No. of Recommendations: 6
Actually, a reverse split would be 1:3

Usually done to prevent the company from being delisted and going over-the-counter. Also, for appearances. A $18.40/share stock looks more attractive to a prospective buyer than a $6.13/share stock.

Looking at their statement of cash flows, the dividend looks well covered, but their 4Q18 income statement at Morningstar shows -$74MM in Revenue. How do you have negative Revenue? This is an example of why I don't invest in pure financials.

Just one view

BruceM
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