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Why Google's $300+ Stock Price?
Catching up on my sky-high backlog of USA Today, I found an interesting article on Google's $300+ stock price. As of July 14, only nine stocks had share prices over $300.
Why hasn't Google split its stock? Why haven't the nine other companies? The article discusses those points.
One side effect of the high stock price that I've felt:
And while a stock price in itself is meaningless, Google is clearly sending a message to investors by not splitting. "If you go back to Google's prospectus, it says Google is not a conventional company and does not intend to become one," says Jay Ritter, professor of finance at the University of Florida.
· Google joins ranks of stocks north of $300 [USA Today]
· Previous posts tagged with Google [ScottKidder.com]
Posted in on July 25, 2005, 02:29 PM | Permalink
