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Author: jmagyer Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8891  
Subject: Re: A Few Of My Favorite Things Date: 4/23/2004 12:46 AM
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Hey Petey

I think most of us probably all recognize that there most likely is no material change in the value of a company thanks to a stock split. However, since most stock splits occur because a stock has done well over what is usually a sustained period of time, saying that a company has split its shares a jillion times, as has XOM, would probably indicate that XOM has done very well over that time. I understand that you are technically right, but it wouldn't hurt to loosen up a little bit. You kinda make it sound like stock splits are involved in board room conspiracies. If, for some reason, a company's shares rise "incorrectly" because of the way in which people view a stock split, is that really a bad thing for shareholders? I don't know that it is. Is that sustainable? Probably not, but as a Buffet fan you probably wouldn't care about short term fluctuations anyway. Sorry, for some reason it just bothered me that you seemed to be raining on a guy's parade when we all pretty much knew what you were saying.

Joe
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