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To: Rosemary who wrote (24299)	12/5/1997 1:44:00 PM
From: Geoff Nunn	Read Replies (1) \| Respond to of 176387

Rosemary, point well taken. In a perfectly rational world that shouldn't happen. My own sense of it is that the phenomenon you refer to is short-lived. Do you really think investors in Berk. Hath. would be richer today if Buffett had split the stock? Sporting a p/e of 44 the stock looks fully priced to me. Geoff

To: Rosemary who wrote (24299)	12/5/1997 1:52:00 PM
From: purecntry5	Read Replies (1) \| Respond to of 176387

I dont understand why you dont buy what you can now because if this split you speak of happens, you'll have twice the shares anyway. 100 shares at 90 = $9000, 200 shares at 45 = $9000! That way you also get that super duper runup THE MOMENT it splits! Cowboy Brett

To: Rosemary who wrote (24299)	12/5/1997 5:34:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

Nonsense! The price appreciates because people are bullish about the outlook for the company -- this has nothing to do with splits, which simply substitute more pieces of paper. If you look at stocks within one industry you will find that there is zero correlation between the P/E and the price of the stock. If stock splits were important you would expect lower priced stocks to have have higher P/E's than the higher priced ones. Ragards, Paul