"There are too many sharresout there now."
Remember, it is the company's valuation not the number of shares it has outstanding or its share price that matters.
To all who are enamored with stock spits, it may be wise for you to read the WSJ article 12/6 "Sky-High Stocks: A Split Decision?"
"Back then, active retail traders paid up to $1,000 a year for pager services that would beep them with news of upcoming splits. In 2000, one investor emailed me: “I own IntelINTC +0.32% and need two more splits after the one in July to retire.” (I never heard from him again; Intel hasn’t split since.) Some research has showed stocks that split have better long-term returns than those that don’t, perhaps because investors believe splits signal corporate health. But those findings have been contested, and investors who think that splits are a reliable way to beat the market are asking for heartbreak."
And the last lines:
"Companies appear to care less today about catering to the delusion that anyone can get rich quick off stock splits. Now if only investors would learn that the value of a business matters more than the price of its stock, we could all split and go home."
Yup, it's the VALUE of a company that matters!!!!!!!!!!!!!!!
Not to burst your bubble but there's a good chance P&G will never split again. The current float is 2.7 Billion shares. So where do they come out with a float of 5.4 Billion shares? I've never understood that thought process? Do you realize how desperate you sound?
PG WILL split again. Guaranteed. I am looking at 2016 which is when the price will surpass 100. Doubt sooner because the PE is a little rich so do not expect current stock appreciation unless something very positive happens.
Splits are psychological. Stockholders like them and they DO drive prices up.
I'll take share price appreciation and dividend hikes, but am neutal re splits.
Remember: a higher share price may result with a split, but a split does not necessarily equal future share price appreciation. Splits are cosmetic and they do not affect a company's fundamentals.
I have owned this equity for years. I have experienced 2 - 2-1 splits. There are many that will buy in when the price is lower which will cause the share price to eventually go up. One other thing, many time when an equity is split they also raise the dividend.