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Exxon Mobil Corporation Message Board

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  • bernard0414 bernard0414 Apr 7, 2011 6:42 AM Flag

    Split Announcement Possible Tomorrow!!!

    I have held XOM stock since the days it was the Standard Oil Co of NJ.
    If you know the company's history you will know that a century ago it was a huge monopoly and in fact most of the domestic oil companies of today were spun off the oil Standard when it was broken up by the government decree.

    As a result the company is highly sensitive to being a "rich man's stock", e.g., AAPL, GOOG, etc. and will split the stock when it gets between 100-120 a share.

    If you go back over the last half century, I don't recall one instance of the split being over 2/1.

    Moreover, a split costs tha company millions in administrative fees and is not undertaken because of the augury coming from a horse's behind.

    Cogent comments please before this board is destroyed like many others.

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