small volume but up >5% today - wow
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small volume but up >5% today - wow
I dont believe it's expensive until it sails past a peg or two past the 11 or mid day
then it becomes cheap for those on the other side of the door wanting in .. ;)
Now for expensive - IMO FRE looks expensive .. and no Div .. ;)
Is MFT cheap or expensive suddenly for those deciding it's a must have ? ;)
Good sign - no-one wants to sell ;)
If HLG did a Share split in same circumstances - will anyone want to sell then either ? ;)
Just a matter of time & those in on board could have very much wider smiles as pieces
of HLG's 60 mil Cap on the loose become as scarce as hens teeth .. ;)
Are they ? Interesting study https://finance.zacks.com/stock-pric...plit-1189.html
For the time poor amongst us - "Although stock splits have no affect on the intrinsic value of the stock, being basically cosmetic, many studies show that stock splits result in high performance. In two separate studies in1996 and in 2003, David Ikenberry, Chairman of the Finance Department at the University of Illinois at Urbana-Champaign, found price performance of split stocks outperformed the market by 8 percent during the year following the split and by 12 percent over the ensuing three years. He looked at over 1,000 stocks for each study, including 2-for-1, 3-for-1 and 4-for-1 stock splits".
I took the liberty of asking for a link to this study to be sent to our Chairman...if you don't ask, you don't get ;)
The way price in moving you'll be forgiven to think its HLG that declared special divvy not WHS :p
I think the jury are reserving their decision on a Share Split .. ;)
No Split hasn't harmed MFT
Look what a 4:1 Split did for PPH -- has it recovered yet to $9.25 pre Split ? ;)
IMO - I'd far rather see everyone start considering the untold extra intrinsic value that
may lay in HLG and start preparing to shed nearer 20 a piece for a slice of the action .. ;)