Q: Hi 5i!
Love your insights provided across your site. Keep it up!
I know you’re not fans of split corps, but I have to ask (as an observer of this stock), what is happening the past week to FTN?
Love your insights provided across your site. Keep it up!
I know you’re not fans of split corps, but I have to ask (as an observer of this stock), what is happening the past week to FTN?
5i Research Answer:
**edited answer due to error**
This was our error, with an excuse. Bloomberg had posted on its FTN section a press release on FFN, another split share corp. FFN, not FTN, stopped its dividend, and we failed to catch the symbol switch and thus did not confirm on the company's website. But now we can't really explain the drop as well. There has been no other news. It's very possible other investors made this mistake and still sold FTN.