"If that were the case why not split 4:1, or 8:1? Heck let's go crazy and split it 100:1"
EXACTLY!!! (I forgot to include a similar thought in my post)
Where's that bozo compaqaudi who was explaining that "splits are always good because for every penny increase is worth twice as much!!!!" If that were the case why not split 4:1, or 8:1? Heck let's go crazy and split it 100:1. We'll all be rich!
Except we won't. That logic only makes sense if you're prone to magical thinking and never bothered to learn about the basics of stock investing: valuation and fundamentals.
Some companies follow the past re splitting their shares. Look at JNJ's long term chart and click "EVENTS" and then hit "Splits". You will see that JNJ has followed the pattern of splitting its shares 2:1 after its shares have hit a bit abouve 100. Will this continue? Who knows.
Hopefully you are aware that there is no magic associated with stock splits. Purely a cosmetic adjustment.
Apparently some people prefer to own twice as many shares at half the share price. A split, over the long run, does not affect a company's share price--but fundamentals do. Typically share appreciation occurs and then a split occurs not vice a versa.
I'm more focused about the former than the latter.
to the bones better than anything. JNJ needs to bring ARN509, the next generation Xtandi, to market quickly
before Zytiga goes generic and becomes dirt cheap.
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Obamacare is a tax on those who can afford to pay for health insurance - money does not appear from the pockets of those who can't afford it. Middle class just takes another tax hit, spins around and says "thank you may I have another".
Looks like INCT is about to take off. With all of the recent developments I am going to start accumulating some INCT
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Just doing some war gaming. Not a fan of the law. But it occurs to me that the biggest threat to the law may be how many doctors choose to "opt out"
Quote of the Decade: By Hypocrite Senator Barack H. Obama, March 2006
"The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
Senator Barack H. Obama, March 2006
Pass it on and on and on
(It was so nice of him to give us this great quote for posterity!)
Obama hypocrite has run the debt up over $17.2 Trillion Dollars. It was $10 Trillion when he took office. Google National Debt and see for yourself. Liberals lie like hell.
MDVN owns half of one drug , Xtandi, which is not nearly as good as JNJ;s successor to Xtandi, that is called ARN 309. JNJ owns ARN309 which is more effective, cheaper to make and has less side effects than Xtandi.
Zytiga is going off patent next year so JNJ can take over the whole market.
Welcome to the party. You are just one year late to the party. But then it is a multi-year party. The last time J&J was in a multi year party (1995-1999) it quadrupled.
Thanks for the feedback on JNJ... as far as LINE goes, very true, there is a light at the end of the tunnel. They had some issues with being audited a few months back if I remember correctly.. Personally, my money is on SU and KMP....
There was a very good article today on "Seeking Alpha" by Bio Vantage. He predicts a 12-month target price of $105.00. He had the numbers and charts to back up his theory. Good luck with your investments. P.S. Hey OilnBoil, I've been riding through (long & strong) the Linn (LINE) MLP debacle since last spring. We can finally see the light.