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Freeport-McMoRan Inc. Message Board

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  • bd_jwt bd_jwt Oct 30, 2007 5:51 PM Flag

    Only A Stock Split Will Move This

    Quick scan of Eazzy_to_see's comments and you'll notice that he's continually pumping the spilt. I feel like this subject has been beaten to death, especially since no one seems to be changing their opinion.

    In the spirit of providing a real debate, I am curious how the stock spilt would increase liquidity - specifically, how much liquidity will be infused considering that 92% of the stock is owned by institutions & insiders and a significant % of the remaining 8% is owned by individual investors, most of which are long-term holders.

    IMO, the company has solid ratings and support.
    A very effective way for the company to receive even better support is for the CEO and CFO to pound the payment, meet with the banks & investment funds, and explore options (acquisitions, private equity buyout, et al)

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    • Some people are just ignorant.

      That is the only explanation. Have you ever heard of a stock taking a breather? Look at GOOG. Does it need a shot of liquidity? I bet if it had a 12 for 1 split it would move so fast to 100! NO, Wall Street IS NOT stupid, regardless of whether you are or not.

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