>> I suspect that it is not Yahoo's intent to raise their stock price as high as possible. My take is that they want the stock price to lie closer to what they perceive as the true valuation. So a 2:1 keeps the momentum players somewhat at bay (doesn't it?). They prefer their shares be owned by long term owners, and typically we could care less about the exact nature of the split, or if it splits at all.
sorry, I need to quote that entire response to properly frame:
LOL!!!!!!!!!
with a PE (according to, ahem, Yahoo) of 1,744 as of the market close, your post belongs in a time capsule. "True valuation"???
oh my.
Listen, dood: the art of speculation -- let's all be honest here, ok? -- lies in knowing when to sell. Any idiot can buy and rationalize holding, as you have.
The smart money (BH, et al) sells at tops, and you other folks flail around trying to convince yourself, and others, that "holding" is smart.
Taking the money is smart. End of story. |
