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|Subject: Re: Stock Split||Date: 10/18/2004 12:19 AM|
|Author: TMFCop||Number: 33895 of 46858|
KitKat and Marv,
Thanks for the responses. It was, indeed, filed along with the proxy for the annual shareholder's meeting. If a split is in the works, that would concern me greatly as it only recently split its shares 2-1, and they went from around $26 to $13. Unless they're trying to make the company a penny stock, I'm not sure what the rationale would be for splitting again anytime soon. So perhaps, Marv, you're correct that they want it to make an acquisition.
I provided a link to the filing in the event you wanted to peruse it yourself. The company is Candela (CLZR), a cosmetic laser outfit in an industry that apparently is undergoing some changes. Perhaps one of their competitors is trading at an attractive enough price to warrant an offer.
Thanks again for responding.
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