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Old 10-04-2010, 01:13 AM
 
29,215 posts, read 52,013,969 times
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NEW YORK (CNNMoney.com) -- Those lucky few with Facebook stock shares now own a whole bunch more.

Facebook said Friday that it is doing a 5-for-1 stock split, marking the third split in the company's history.

Facebook does 5-for-1 stock split - Oct. 1, 2010
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Old 10-04-2010, 03:25 AM
 
94,322 posts, read 92,010,937 times
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a split financially is a non event.. nothing gained nothing lost. it merely puts a stock back into a range that they feel will make it more attractive to buyers price wise.... your not 1 penny richer from the split itself. . just imagine how many would jump in and buy berkshire class a shares if it had a 1,000 to 1 split.

most companies prefer a certain price range for the type of buyers they want and splits allow them to kep it in that range.
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Old 10-04-2010, 09:06 AM
 
2,721 posts, read 4,034,326 times
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That Facebook stock is going to shoot through the roof when it goes public.

Can't wait to get my hands on some...
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Old 10-04-2010, 09:11 AM
 
Location: Wherever women are
19,011 posts, read 27,873,138 times
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Johnny, please

Take a break from news, everyone needs rest once in a while. We need that too, more than you may LMAO

On the other hand, I don't care about facebook as long as it's not public. It's a collection of bored stupid people who take their boring lives out by playing farmville
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Old 10-07-2010, 08:50 AM
 
9,488 posts, read 13,814,835 times
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Quote:
Originally Posted by mathjak107 View Post
a split financially is a non event.. nothing gained nothing lost.
Well, yes & no. If a company conducts a reverse split of 1:5 or 1:10 to raise its per share price, 9 times out of 10 it will drop from its post-split price in the very near future; and in many cases will eventually become completely worthless. Conversely, companies that split their shares in a positive manner have a history of rising over the long term.

So technically, although the instant and immediate effect of a stock split is a financial non event, it most certainly doesn't remain that way.
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Old 10-07-2010, 11:41 AM
 
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Yep,,,, agreed there
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Old 10-07-2010, 01:19 PM
 
Location: The Pacific NW.
879 posts, read 1,871,124 times
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Quote:
Originally Posted by MadManofBethesda View Post
If a company conducts a reverse split of 1:5 or 1:10 to raise its per share price, 9 times out of 10 it will drop from its post-split price in the very near future; and in many cases will eventually become completely worthless. Conversely, companies that split their shares in a positive manner have a history of rising over the long term.
But stocks that split or reverse-split were ALREADY going in that direction--which is why they split in the first place. Is the fact that they often CONTINUE in that same direction a result of the split or is it because the companies are still just as good or just as bad as they were before the split? It's likely the latter, IMO.
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Old 10-08-2010, 06:39 PM
 
3,543 posts, read 4,637,878 times
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Quote:
Originally Posted by cyclone8570 View Post
That Facebook stock is going to shoot through the roof when it goes public.

Can't wait to get my hands on some...
Why? (I am curious.) What does Facebook sell that will be a longterm viable product? I use FB but can dump it quite quickly if I feel that they are using me to sell product, or friends, or links, or whatever.

Remember MySpace? Facebook could go down the same pathway. Someone will invent a newer version of the social network space and people will leave FB high and dry.

Compelling reasons sought to see why FB (or MySpace or MyFace or FaceSpace) would be considered an investment.
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Old 10-08-2010, 06:42 PM
 
3,543 posts, read 4,637,878 times
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And America rolls out yet another fad product/service for "investors". Hahahaha....I will continue to buy companies that provide things that people NEED. When the power goes off; when the toilet paper runs out; when the food in the 'fridge is gone; people ain't going to be logging online to see if Buddy Joe got his Farmville crops in the ground on time.

Come back to the REAL world.
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Old 10-08-2010, 10:33 PM
 
12,671 posts, read 22,543,172 times
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When will FB go public?
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