It seems historically when we get up in this level, the company
has a "split"!! Am looking forward to another reward!
Long at $7.11
Sentiment: Strong Buy
The last split was after they were at $80 for a few days. I don't know if they will split again at this price point. I do know that splitting again so soon after the last split means they have been growing nicely.
What reward? A split just creates more shares. It does not create any value today. Buying 100 sahres at $80 or 50 at $160 - who cares.
Maybe if share price rises another 30% or so but splits are meaningless. Revenue and earnings growth are all that matters.
Everyone knows that splits don't create value, but I enjoy owning those companies who do split as they are seriously out performing the market. So give lawman a break!!!