TheStreet
By: Bob O’Brien
Stock splits are one of the implements that corporations keep in their tool kits. Akin to dividends. Or buybacks. Only … less so. Stock splits are ephemera, like dotting an “I” with a smiley face. They make the message seem a little more companionable, without changing the meaning of the words…
…Corporate management has responded to this reality affirmatively. “There are a lot more companies comfortable with stock prices north of $100 a share than would have been the case 10 years ago,” David Ikenberry of the Leeds School of Business at the University of Colorado Boulder, said in a recent interview. “And it’s hard to see that that ground is shifting.”
Read more about Stock Splits in TheStreet article here.