Nortel Consolidated Its Common Shares

Posted by Sun on December 1, 2006
Post viewed 305 times, 1 so far today

Advertisements

When I looked at the quote of Nortel Network (NT) this morning, I couldn't believe what I saw: $20.96 per share, up 875% from yesterday!

What's going on? 

Well, nothing much except that now I only own 230 shares instead of 2300 shares yesterday. NT implemented the consolidation today. The reverse split is at a ratio of 10-to-1. For more information about the consolidation, click here.

If you enjoyed reading this post, please consider subscribing to my full RSS feed (What's RSS feed?). Or you can also choose to have free daily updates delivered right to your inbox.

Featured Financial Products
  • Ready to buy stocks/ETFs with zero commission? Check out the Zecco review and try Zecco Trading to get 10 free trades/month.
  • Seeking higher returns for your cash? Take a look at the latest interest rates from leading online banks and find out where to get the most for your money.

Categories : Investing, Stock Tags: No Tags

Check Out These Related Articles
2 Comments
December 1, 2006

Think of the employees who have options that are now over $100 per share. More likely to win the lottery. -C8j

Posted by Big Cajun Man
December 2, 2006

The number certainly looks better after the consolidation, but the total value shouldn’t change.

Posted by The Sun
Share Your Thouhgts
Your opinion matters. Please use the form below to share your thoughts on Nortel Consolidated Its Common Shares with us.

(required)

(required)


Recent Entries