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International Business Machines Corporation Message Board

  • mkumar2 mkumar2 May 20, 2007 7:30 PM Flag

    IBM To Split its Shares

    With recent growth, stock going up and EPS doubling by 2010, it is in rumor that IBM Share Price is ripe for a stock split. It is worth noticing that *ALL* previous stock splits occured in May (or around it) going all the way to 1964!! IBM is placing lot more emphasis on its share price and EPS that ever before. Since the stock is on fire I may not be surprised if this happens soon.

    This might the next bomb IBM will drop to get its shares to $130.

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    • I hope very much that you are wrong and Sam will not follow the practice of Lou Gerster in watering down the share price to cultivate a following by the trader types. When IBM was in it's glory days it's stock always sold at a high price and the company was regarded as the bluest of the blue chips. The value of the stock is not improved by flooding the exchange with cheap shares although the brokers love that and encourage it. Additionally it's expensive for the company to service a multitude of holdings of just a few cheap shares. Much like the fact that Mercedes has damaged it's brand by marketing cheap cars with it's logo a company attains a certain cachet by a realitive high per share price. Perhaps a Berkshire Hathaway goes to the extreme but it isn't a problem for a stock to trade at say $500. Wall St's brokers don't like that, but they serve only their own interest. WW

    • Splits have no impact; just look at Berkshire Hathaway and Google.

      But I think it is going higher than 130; I just do not know when. It seems ripe for a rapid move. This is the third straight up month, and when I looked at past times when that happened, it moved in ranges that would put it at 120 or higher this month - only two more weeks. It appears to be headed to at least 150 by year's end.

      But again - a split will have no effect.

      IMHO

 
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