Steak and Shake Reverse Splits and Soars

Steak n Shake (SNS) announced a 1 for 20 reverse split on December 14th, and since then the stock has soared 37.8% (+$90 on a split adjusted basis).  Reverse splits rarely seem to do much for stocks, but in this case, it has sure helped Steak n Shake, at least in the short term.

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