Revlon Tries Reverse Stock Split Game, And Gives Guidance (REV)

[24/7 Wall St.]

24/7 Wall St. Daily News

If you have followed shares of Revlon, Inc. (NYSE: REV), you already know what a long-term let down this stock has been. Despite years of having top models pedal its wares, it's stock has been a financial disaster. Management has decided to play one of the oldest shell games on Wall Street. Its board of directors just announced a REVERSE STOCK SPLIT with a 1 for 10 ratio. So now 1,000 shares will become 100 shares. management called this an effort to appeal to a broader base of shareholders, comply with NYSE listing standards, and reduction in certain costs. The...http://feeds.feedburner.com/~f/typepad/RyNm?i=6aUCSuG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=6aUCSuG) http://feeds.feedburner.com/~f/typepad/RyNm?i=muiFpEG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=muiFpEG) http://feeds.feedburner.com/~f/typepad/RyNm?i=D3gUERg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=D3gUERg)


complete story here... (http://www.247wallst.com/2008/04/revlon-tries-re.html)