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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP.
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To: Henry D who wrote (937)4/13/1999 9:49:00 PM
From: Ron Kline  Read Replies (1) of 1434
 
I remember the split last time was about a month before that bad correction in August. The stock was about $90 and they split 3/1, the high getting to about $156. I think they learned their lesson because the stock went down in the mid twenties after the downfall. I think if they were to split they will wait until the price gets to $150 or maybe more before they announce a split. But after earnings I expect the stock to trade around there which would be a good time to split. I would rather have a 2/1 and have the stock trade higher because I find that the higher priced stocks tend to be favored in this market. It's kind of a norm now for an internet stock to be over $100. A 2/1 would mean that if it went to $200 (very probable) it would trade after the split in the $100 range. Excessive 3/1 or 4/1 splits end up not being healthy for a stock in the long run unless there is extremely positive news or the stock is very high priced. The reason I don't think it's good is it increases the float too quickly for the market to absorb and it can cause too much speculation (look at NTBK today). I'd be happy just with a 2/1 because I'm long term on some of my shares and I go more for gradual increase than a double in 2 days followed by a crash.
Ron
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