I've been in CCB for over 20 years, sorry I didn't tell you earlier <g>...the per-share price really doesn't matter as far as I'm concerned...Berkshire Hathaway costs about $60,000 a share....if he split it 60,000-for-1 it would trade at $1/share...making it cheaper justs splits the pie into more pieces, it doesn't give you more of the pie....if you buy $1000 worth of CCB or $1000 worth of a $10 bank stock, you still have $1000 worth of stock...the price/book, price/earnings, etc, valuations are the measurements to use to determine if a stock is too expensive, not the per-share price.
However, I agree at $111, it is definitely more expensive than it was at $100, or $90, or $80, or $70, or $60, or $50, but hey, you gotta start somewhere. |
