E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.51

-0.8%

Nov 21 3:59 PM EST

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To: Tae Spam Kim who wrote (6612)	5/27/1999 7:35:00 AM
From: ecommerceman	Read Replies (3) of 13953

Tae Kim, Say what? ETrade is simply asking for authorization to double their shares again in anticipation of another split, as they've already done twice this year. Why is it "sad to see?" How could that hurt shareholder value? Cotsakos wisely wants to keep ETrade's shares affordable to the average investor, rather than costing hundreds of dollars a share. This isn't a brilliant move, but it's worth doing, nonetheless. To give you an extreme example, how many people could afford to buy a single share of Berkshire Hathaway A shares, which now are over $70,000 each? I'm delighted that this is Cotsakos intention, and don't understand why someone would believe that this will do anything but aid shareholder value.

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