Doral Financial Corporation’s Second Reverse Stock Split

Puerto Rico-based Doral Financial (DRL) used to be a hi-flyer primarily due to sub-prime mortgage lending before the financial crisis. As the stock continued to plunge and headed towards $0.00 the bank implemented a reverse split on August 20, 2007 in the ratio of 1:20 when the stock reached a low of $0.54 a share. …

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A Note on SABESP ADR Stock Split

Companhia de Saneamento Basico do Estado de Sao Paulo also known as SABESP (SBS) was one of the top performing Brazilian ADRs in 2012.The ADR almost doubled last year. On Jan 24, 2013 the stock split 2 for 1.Before the split, each ADR was equal to two common shares. After the split, the ratio was changed to reflect one …

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