A follow-up to a previous post ... Revlon Chairman Ronald Perelman acquired another 500,000 shares of company stock. Combined with the 600,000 shares he purchased last month, this adds up to over million shares.
With micro-cap stocks that trade in the sub-penny range, that's really nothing remarkable - you can suck up a million shares with a small amount of cash - but since revlon is trading around $1 a share, this represents a significant investment.
While I don't have enough funds in this portfolio to justify pumping more cash into this company, I'm giving serious consideration to adding a significant position in Revlon to my main portfolio.
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