From SA: Thomas Barnard Contributor Comments
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Posted On: 10/20/2019 8:26:02 AM
From SA:
Thomas Barnard
Contributor
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Author’s reply » New calculation post split. Share price should decline by 25 million divided by 69 million (25 million + 44 million), or 36%. Or to rephrase, shares should be worth 64% of prior price, but now you have two of them. Should be a gain of 28%.
Of course, we should have seen a very large gain approaching 47% when 20+ million shares were retired to treasury. Market makers completely ignored it.
Thomas Barnard
Contributor
Comments155 | + Follow
Author’s reply » New calculation post split. Share price should decline by 25 million divided by 69 million (25 million + 44 million), or 36%. Or to rephrase, shares should be worth 64% of prior price, but now you have two of them. Should be a gain of 28%.
Of course, we should have seen a very large gain approaching 47% when 20+ million shares were retired to treasury. Market makers completely ignored it.
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