01-29-2016, 09:48 AM
(01-29-2016, 09:15 AM)ookpik Wrote: (*) The converse is to let the stock price grow to a very large number, e.g. Google, Apple, and especially Berkshire Hathaway. It's thought that this lends an air of exclusivity and prestige to the stock because only wealthy (read: "sophisticated") investors can afford to own it in any quantity.
I know what they're thinking when they do that, and I've read Warren and Charlie explain it in Berkshire Hathaway's case, but I wonder who accepts that logic. Apple's at $94, it's long past time for a split, might as well do a three way split. The Google case is just ridiculous.
Anyway, Bombardier could do a share consolidation. Maybe a buyback would be a good idea; I bet they actually do have some cash.