Attention, those of you who own Comstock Resources Inc. (CRK): CRK has announced a 1-for-5 reverse stock split effective July 29, 2016. 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 on Trade Day.
We’re here to help! If you have a position in CRK, here is a link to the 1-for-5 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 CRK position.
CRK 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.