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To: K. M. Strickler who wrote (33775)3/11/1998 10:56:00 AM
From: Fangorn  Read Replies (1) | Respond to of 176387
 
Ken,
>How can you explain the vast difference in the p/e after the split?<

Somebody just forgot to change the earnings per share number in the database. When you double the number of shares the earnings per share is cut in half. It is as simple as that.



To: K. M. Strickler who wrote (33775)3/11/1998 11:07:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Ken: Obviously a mistake.

quote.yahoo.com



To: K. M. Strickler who wrote (33775)3/11/1998 11:53:00 AM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
KM, The difference is due to the number of shares outstanding. Heres a hypothetical. A company earns $1MM. There are 1MM shares outstanding, eah selling for $10. P/E is 10. The stock splits. Now there are 2MM shares o/s selling for $5. The P/E is still 10. The problem cam because they didn't divide the eps by 2 to take into account the split.

Paul


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