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Dorman Products, Inc. (DORM) Message Board

  • skepticpencil skepticpencil Aug 20, 2013 12:27 PM Flag

    Stock split?

    While I realize that stock splits, in and of themselves, do not add value for shareholders. However, it does serve to generate interest in a stock, especially with the small investors who might be hesitant to buy $2.00 worth of earnings for $50, rather than $1.00 for $25. It also moves towards the better liquidity required by many large investors. If DORM is going to split at these levels, like it did last year, they should announce the split on a good day in order to avoid the muting effect that the effect good news on down days. JMHO. I appreciate that management may not be inclined to indulge the stock market over such subtleties. That said, I always appreciate appreciation. Great, well run company, regardless.

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    • Below is a quote from last year, about the rationale for Dorman's stock split at that time. Yes, the stock has doubled since then. Perhaps the board is just going to wait until we reach $60 this time? Or maybe they won't split at all. Who knows? I have a lot of confidence in the company under S. Berman's stewardship, so I won't question the wisdom, regardless. The company is in a great position to continue to reap rewards from the realities of the new economy. Times in which more people cannot afford a new car, and will be fixing their old ones.

      "This stock dividend, the second in our company's history, is intended to improve the liquidity of our common stock thereby making it more attractive to investors. This action reflects our confidence in the future of the company and our ongoing determination to build long-term shareholder value," said Steven Berman, the Company's Chairman and Chief Executive Officer."

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