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To: i-node who wrote (170710)6/10/2014 5:31:56 AM
From: Ryan Bartholomew  Respond to of 213173
 
Is there even one person on this thread who has argued that it is anything other than cutting the pie into more pieces or changing a 10 for ten ones? It is an absurd argument. Even 30 years ago it was; today, the only real impediment to the absurdity was the cost of broker's fees -- now, even THAT is gone.
Absurd indeed, but yes, there have been several who argued that a split is meaningful for reasons ranging from knowing people who like round numbers to people who want to invest under $600 and won't use mechanisms to buy a partial share.