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Perrigo Company Public Limited Company Message Board

  • pnick47 pnick47 Apr 1, 2011 11:02 AM Flag

    Do I hear $80??

    At $79+ PRGO has to split sometime soon but if not maybe the company is not confident of maintaining this price level. Any thoughts to share? A split certainly would make the stock more attractive just from an accumulation standpoint.

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    • You can't fight momentum!

    • J&J was slammed in the latest issue of Bloomberg Business Week...due to the recalls and impact on their 'trusted' brand. Regarding a BODs usually develop a pattern that gives some indication of future decisions. For example, J&J usually splits around $90-100 and Merck usually splits around $150. Even with these patterns, sometimes the split would be 2-1 and other times they would be 3-1. The last PRGO split was in 1993 so that really is too long ago to be a good signal for future decisions. A better indication would be looking at the level that PRGO peers split. As you know, PRGO does want to remain attractive to the individual investor who may only want to buy 100 shares. With that said, I do believe that the PRGO Board of Directors will consider a decision to split in the next 12-18 months. As long as PRGO avoids any stumbles with the FDA, we have a nice tailwind that could push PRGO above 90 by the end of this year. IMHO...

91.01-4.19(-4.40%)Jun 24 4:04 PMEDT