Reverse stock splits rarely work. When a company is in serious trouble a silly reverse stock split will not change its fortune. Fundamental changes including new management, growth and other things have to occur in order for a reverse stock split to be successful. In most cases this does not happen. Rather the same incompetent managers …
Swiss drug maker Roche (OTCQX: RHHBY) announced a stock split earlier this month. The ADR will split in the ratio of 2:1 effective Feb 27, 2014. Here are the details from the depository bank J.P.Morgan: The ADR ratio will be changed from four (4) ADRs to one (1) underlying equity security to a new ratio of …
Continue reading ‘A Note on Roche Holding Limited ADR Stock Split’ »
Germany-based Continental AG (CTTAY) is one of the world’s largest tire and auto-parts makers. Due to the strong growth of the global auto industry the ADR is up over 80% year-to-date and closed at $210.93 today. Continental announced a stock split in the ratio 5:1 recently. The ADR Record Date is Dec 20, 2013 and …