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Strategies & Market Trends : Sharck Soup
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To: CAPTAIN MORGAN who wrote (10593)3/2/2001 5:59:46 PM
From: Bid Buster  Read Replies (1) of 37746
 
interesting and entertaining read...but cramer is just that entertainment...splits mean nothing..just look at BRKa at $69,500 and a p/e of 47..buffet has never split the stock and not likely he ever will..does that make it overvalued? no..well maybe just a little <G>.

point is if you have a stock at 30 and earnings per share of $1 it has a p/e of 30.
if that same stock 2 for 1 splits you have a stock at 15 with same earnings but now theres twice as much stock so earnings are $0.50 per share, but same p/e of 30.

rule #1 is don't judge the value of a stock by price alone.
rule #2 is don't listen to cramer.
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