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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: wiremaker who wrote (7594)4/27/1999 6:42:00 AM
From: SHGLaw  Respond to of 19700
 
I agree completely that this stock has remains relatively unknown to the public, and attribute that to two factors: 1. It doesn't have a catchy name (when I tell people about cmgi, the first question they ask is "what does cmgi stand for?"). 2. It is way to high priced for most ordinary investors, and they immediately shrug it off saying they wish they could buy but its too expensive.

The split is not going to improve the second problem, as the price will be halved but still too high for most mom and pops. While the name issue will resolve itself by familiarity, it would still behoove us to see this stock split 4:1 and get the price down to a level where people could buy 1000 shares without mortgaging the house. Otherwise, this will look a lot like Berkshire Hathaway.

SHG