Not to be picky, but I thought your Cisco/Q post put Q at $19,500 per share in 9 years. Since that was pre-split, I've been using $10,000. Is my memory failing?
No, Frank. Your memory isn't failing. You're absolutely right about that. That's exactly why we all of us should be unashamedly picky around here. Thanks for catching my mistake so quickly!
To be very precise, at the time I did that research Cisco was a little shy of nine years past its tornado. I made an assumption that Cisco's price wouldn't change from the time of my research to the short time remaining until hee 9-year mark. By pure happenstance, for the Q to achieve Cisco's track record, it's stock would have to grow to a tad shy of $20,000 -- a nice, round number that's easy (for anyone but me!) to remember. I never calculated the exact growth rate Cisco achieved in those nine years but it would have been mathematically impossible to chance much.
So ...
The countdown, which is nothing more than fun, is to see if Qualcomm's stock gets to $20,000 pre-split and $10,000 post-split by April 1, 2007. The challenge is to make sure Merlin keeps proper track of the many splits!
--Mike Buckley |
