Attention, those of you who own Altisource Portfolio Solutions S.A. (ASPS): ASPS has enacted a 1-for-8 reverse stock split. As a result, some alterations need to be made to your Snider Investment Method worksheets.
CoPilot & AutoPilot clients: the adjustments have been made to your individual stock purchase records. They will be reflected in your account next Trade Day.
We’re here to help! If you have a position in ASPS, here is a link to the 1-for-8 split document that will tell you step-by-step what to do. Please contact us at 1-888-676-4337 or support@snideradvisors.com if you have any questions about your ASPS position.
ASPS is in a frustrating position as it has declined significantly since we initially purchased shares. In most cases, it has been and will remain in winter until the price appreciates. The reverse split may create additional difficulty in implementing the standard Snider Method. At this time we are not recommending clients sell the shares.
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