No, the company likely has no intent to split the stock. Most of the Company's shareholders are investment funds of one sort or another. The purpose of a split is to keep a stock's price low so that "Ma & Pa" can afford to go out and buy a couple shares if they want, but with "Ma & Pa" not holding much of the stock any more, and with the introduction of electronic trading platforms that allow those small investors who are interested to go to Scottrade or eTrade or something and buy and sell a few shares, there's no benefit to the company to split, especially when I think they like having the big industrial investors. I could be wrong, but I seriously doubt it. Some analysts are projecting a high of $200 now, and I think the Company would like to see it push higher than that.
I would agree with you. Splits appear to be coming a thing of the past. I does not make sense to be buying back shares and spliting at the same. The company is about perfectly position in regards to the stock price. Up coming sale of Transition will bring in an addition 1.7 billion. Best approach is to make good acquisition, reduce the debt, perhaps raise the dividend, and buy back a resonable amount of shares in that order.
PPG needs to get rid of a bully I used to work for......................he knows who he is, he wasn't with PPG then....he chases the money. I could not say anything at the time because I needed my job.......would love to have another chance to bump into him, know what I mean? He said what he said because he could at the time. I'll always hate that I did not stand up for myself......he's a creep, snake and a rat!