Where can I find a regularly updated list of scheduled *reverse* stock
splits for stocks traded on NYSE, Nasdaq & AMEX?  

I don't need calendars for regular stock splits.  
(There are plenty of those to go around.)

I've already set a Google News email alert for "reverse stock split"
but the signal-to-noise ratio is very low (as in <10%), so reading those
is not a great use of my time.

Thanks!

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Clarification of Question by plum209-ga on 11 May 2006 18:32 PDT

hello redfoxjumps-ga & jh963-ga, 

thanks for your responses.  yes, i am aware that these are desparate
companies, so i'm not eager to own them -- however, i've found some
interesting short-term trading opportunities on days when their
scheduled reverse splits go into effect.  thus the need for a
calendar.

thanks,

ed

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Request for Question Clarification by pafalafa-ga on 11 May 2006 19:06 PDT

plum209-ga,

It's nice to hear that the speculative spirit still thrives in the 21st century!

I don't know of a calendar that will meet your needs, but it seems to
me that a well-crafted news alert might just do the trick.

Take a look at these news stories:


http://news.google.com/news?sourceid=navclient&ie=UTF-8&rls=GGLD,GGLD:2005-04,GGLD:en&q=%22announces+OR+announced%22+%22reverse+split%22+OR+%22reverse+stock+split%22


and let me know if this set of stock split news is perhaps more
tightly focused than your initial searches.  Of course, this can be
tweaked to give even tighter (or broader) results, if you wish.

Looking forward,

pafalafa-ga

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Clarification of Question by plum209-ga on 11 May 2006 22:08 PDT

hello pafalafa-ga,

it's not a calendar, but ... freaking brilliant!  thank you.
of course if you find a calendar i would love to pay you money.

assume phrases NYSE, Nasdaq & AMEX  are part of your news alert.

I think it's very rare for a company to do a reverse stock split.  The
only times I've heard of a company doing a reverse split were just
before an IPO or after the stock price had fallen so much that they
needed to boost the price so they could remain on an exchange.

Pre-IPO companies often do a reverse split of their stock (the 2 IPOs
I've been a part of have) just prior to going public to get their
stock price in to the $10 - $15 range.  However, you aren't going to
be able to buy these shares since the company is not public yet.

The other case occurs when a company has lost a LOT of value and the
stock price has declined greatly.  For example, a stock previously
selling at, say, $30, declines greatly to $.75.  A company can be
"de-listed" from a stock exchange if their stock price is below a
certain threshold for too long.  If the stock exchange has a $5
minimum, this company may do a 10 to 1 reverse split to get the price
up to $7.50 a share.  But a company like this is in very dire straits
to begin with (the market is telling them their value is almost
nothing), so I believe these types of reverse splits are very rare.
(Just MHO.  I don't have any data to support this belief.)  And if the
company's stock price isn't meeting the exchange's minimum stock
price, it's very likely that there are other listing requirements the
company isn't meeting, also.  So a reverse split wouldn't be enough to
prevent de-listing.

J.