Attention, those of you who own Peabody Energy Corporation (BTU): BTU has announced a 1-for-15 reverse stock split effective October 1st, 2015. As a result, some alterations need to be made to your Snider Investment Method worksheets.
Lattco PRO & Lattco AutoPilot clients: the adjustments have been made for you and should be reflected in your account by Trade Day.
We’re here to help! If you have a position in BTU, here is a link to the 1-for-15 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 BTU position.
BTU is in a frustrating position as a Snider Method investor. In most cases, it has been and will remain in winter until the price appreciates significantly. The reverse split will create additional difficulty in implementing the standard Snider Method. At this time we are not recommending clients sell the shares or make any adjustments. We will monitor the position and recommend additional changes if the price appreciates back to a level we have made purchases or closer to our average cost.
