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Fannie Mae (FNM): Reverse Splits As The Last Refuge For The Weak

247Wallst | Fri, 11/28/2008 - 1:16pm | Fannie Mae, Freddie Mac |  1 comment

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Reverse spilts are the tools of companies which cannot keep their share prices up through good management and sound operation. Most firms that resort to them want to keep their stocks above $1 to keep NYSE or Nasdaq listing or to trade above $5 to meet the investment standards of certain institution
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