As recently as three years ago Buffett owned 60.3 million shares (adjusted for stock splits).
Stock splits are associated with growth companies whose earnings are expected to continue to expand.
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Tanona observes that reverse stock splits have a history of badly lagging the market initially, but outpreforming strongly eventually.
Adjusted for stock splits, Human Genome Sciences shares trade at one-thirtieth of what they were worth in the gene-hype-heyday of early 2000.
If a stock undergoes more than 2 stock splits in a short amount of time, it may be running out of room to grow.
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And while I hope this is one of the reverse stock splits that result in higher prices for stockholders, I remember times when it has not.
Calculating cost basis is trickier if shares are bought with reinvested dividends, such as in a mutual fund or DRIP, or if stock splits or spinoffs cause adjustments.
If you had shares in the Bell system before divestiture and held them through the myriad mergers, subsequent divestitures and stock splits, you'd now have stakes in 11 telecommunications firms, including such performers as Lucent Technologies, BellSouth and SBC Communications.
Global Links is, in fact, a sub-penny stock company and has done several such reverse splits over the last few years.
Suppose an unmarried couple splits when they own a house and some stock.
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Global Links has also sued the DTCC for defamation over a line in the media statement that suggested sub-penny stock companies try to artificially raise their stock prices by doing 350-to-1 reverse splits.
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