Wednesday, January 14, 2009
Back in November, I had a good time publicly mocking the Royal Bank of Scotland for postponing their inevitable collapse via a 20:1 reverse stock split.
True to form, they continue their slow, stately death spiral, hitting a new 52-week low today at $11.93. That would have been 59-cents pre-split. So much for the ancient adage that "if it's nawt Scottish, it's crap."
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