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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST
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To: Michael Sinclair who wrote (1473)4/22/1998 10:07:00 AM
From: R. Bond  Read Replies (1) of 2761
 
>>Is a split primarily a vehicle to enhance shareholder value?<< A split distributes stock. This enhances the profits of the distributor. The company and others who provide the stock raise cash. The only line I ever hear is that it makes shares available to a new group of investors who can't afford the pre-split price. In this case, IMHO, that's not a major factor. If the company wants to attract buyers and give the stock room to run, the price should be kept in a range which will accomplish this. For example, running SYNT up to $70 before a 3-for-2 split would give a new price of around $46 5/8. It looks like a better buy at around $32, don't you think? Happily they are only adding 30% more shares to the market, rather than 50%.

Just my personal opinion. Watch out for a pop to $70 today.

Cheers,
Bond
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