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To: Gersh Avery who wrote (122)1/6/1999 9:36:00 PM
From: Wes Stevens  Read Replies (1) | Respond to of 213
 
It is a possibility that that is one of the reasons that the stock ran so hard yesterday. It may have been some short covering from the people that figured out that they would have to cover the dividend. Lets hope there were a bunch that find out the hard way in the morning.



To: Gersh Avery who wrote (122)1/6/1999 11:33:00 PM
From: Kevin McKenzie  Read Replies (3) | Respond to of 213
 
This is maddening. Someone please correct me if I'm wrong, but a stock split is the same thing as a dividend in the form of stock. There is no material difference between a "stock split" and a "dividend in the form of stock". Both dilute ownership.

Here are two other company announcements of "stock splits" In each case they refer to the split as a dividend. Both stories came from Business Wire, if you want to look them up yourself.

How can any one reasonably believe that the number of shares in a company can quadruple without reducing the value of each share proportionally?!?

Staples Inc. Announces Proposed 3-For-2 Stock Split

BusinessWire, Thursday, November 12, 1998 at 16:35

WESTBOROUGH, Mass.--(BUSINESS WIRE)--Nov. 12, 1998--

Split Will Be Second Within A Year For Company.....

Staples Inc. (NASDAQ:SPLS) today announced that its Board of Directors has declared a 3-for-2 split of its common stock in the form of a 50 percent stock dividend,

CMGI Declares Two-For-One Stock Split

BusinessWire, Thursday, December 17, 1998 at 09:05

ANDOVER, Mass.--(BUSINESS WIRE)--Dec. 17, 1998--CMGI, Inc.
(NASDAQ:CMGI) today announced that the company's Board of Directors has declared a two-for-one common stock split. The two-for-one stock split will be effected in the form of a 100 percent stock dividend.



To: Gersh Avery who wrote (122)1/8/1999 5:09:00 AM
From: Moominoid  Read Replies (1) | Respond to of 213
 
I didn't know you could short a BB stock.

David