Walt, if $26 is the equivalent price for the current capital structure, then that's the most appropriate figure to use. No one could care less that under a different structure the high was $13.52. If you are going to compare the current price with the high point to determine the size of the fall (which is the only reason anyone today ever refers to the high point), then you have to adjust past prices for the restructures. It would be plain wrong to use $13.52 for this purpose.
Pezz
writing on wall in, page-19
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