Max - per this comment:
""One of the main factors people have not factored in that all these companies during their rise and fall have been continuously diluting shareholder value at the expense of the public but for the good of themselves via option benefits.As a result these companies,as fast as they grew were printing shares as fast as they could,so now they are just awash in a sea of TOO MANY shares outstanding.
Bill Fleckenstein 3 years ago predicted that this diluting process in time will implode these stocks at the expense of the public shareholders.""
I agree that the numbers of shares outstanding and the float has been overlooked by most writers. Once I had a link to the historical number of shares outstanding & float on the NASDAQ but have lost it...but the growth in the number of shares on the NAZ alone boggles the mind.
Using the recently discussed MSFT INTC CSCO ORCL DELL AMGN.
Total Shares Outstanding for these 6 is 28,680,000,000
Total Float is 24,963,800,000
Float represents 87% of shares outstanding.
World Population Clock = 6,166,192,000 (right now)
So there are roughly 4 shares of just these 6 stocks for every man, woman and child on the planet.
Institutional interest is going to have to be huge to absorb those floats - not gonna happen anytime soon imo.
Small & mid-caps with low floats are where the money is going to be made...again imo.
figanin |
