Berkshire Hathaway Inc.to SPLIT!!!!

[mikejet]

This is insane! 50 to 1 split!!! Should be at $70 or so tomorrow. I need a quick 7k to buy this up!!!

[jono_0101]

Originally Posted by mikejet

This is insane! 50 to 1 split!!! Should be at $70 or so tomorrow. I need a quick 7k to buy this up!!!

ehh its only the B shares, the A shares are the REALLY coveted ones, still 50-1 is pretty crazy, and they are both on the rise following the split

[mikejet]

I have a friend who had 3 shares of the B before the split. I bet he's a happy camper!

He also has a few actual paper shares of PIXAR stock around. Those are awesome.

[jono_0101]

Originally Posted by mikejet

I have a friend who had 3 shares of the B before the split. I bet he's a happy camper!

He also has a few actual paper shares of PIXAR stock around. Those are awesome.

oh wow, yeah, ill be hes happy about the split, and pixar certs are pretty cool, you cant really get those anymore

[mikejet]

Originally Posted by jono_0101

oh wow, yeah, ill be hes happy about the split, and pixar certs are pretty cool, you cant really get those anymore

Yeah they stopped issuing them right before the takeover by Disney. He figured it would eventually happen and ordered them ahead of time. I think he can only get his Disney stock if he turns them in though.

[jono_0101]

Originally Posted by mikejet

Yeah they stopped issuing them right before the takeover by Disney. He figured it would eventually happen and ordered them ahead of time. I think he can only get his Disney stock if he turns them in though.

right, as long as he hold those certificates, he wont own the disney stock, they have to have those to cancel them before they can issue the disney stock in his name, remind him to get all the accrued dividends on the disney stock whenever he eventually turns them in

[fatediesel]

Originally Posted by jono_0101

ehh its only the B shares, the A shares are the REALLY coveted ones, still 50-1 is pretty crazy, and they are both on the rise following the split

It would have to be a pretty massive split to make the class A shares affordable since they currently cost $106,999 per share.

[Collectors Set]

Originally Posted by fatediesel

It would have to be a pretty massive split to make the class A shares affordable since they currently cost $106,999 per share.

Back in mid or late 1999, I knew someone who obtained access to their trust account and with it purchased 3 shares of these A class shares for only like $45,000 a piece. I have not spoken with him in years and dont know if he still holds them.

[jono_0101]

Originally Posted by fatediesel

It would have to be a pretty massive split to make the class A shares affordable since they currently cost $106,999 per share.

yup, i saw 50 for 1 and the price at $70 and said, "definitely the B shares"

[jono_0101]

Originally Posted by Collectors Set

Back in mid or late 1999, I knew someone who obtained access to their trust account and with it purchased 3 shares of these A class shares for only like $45,000 a piece. I have not spoken with him in years and dont know if he still holds them.

hopefully he either still holds them or sold them when they were close to their high point

[Intamin]

Originally Posted by mikejet

I have a friend who had 3 shares of the B before the split. I bet he's a happy camper!

A split is just that, a split. He didn't gain or lose anything, so I'm not sure why he'd be any happier now than before?

[mikejet]

Originally Posted by Intamin

A split is just that, a split. He didn't gain or lose anything, so I'm not sure why he'd be any happier now than before?

Cause with the split it is more affordable to people and theoretically more people will buy it driving the price up. It's always been a long term stock anyway so the more shares the merrier

[ludawg23]

Originally Posted by Intamin

A split is just that, a split. He didn't gain or lose anything, so I'm not sure why he'd be any happier now than before?

Maybe it gives him a sense that the company is doing well?

I agree that it's all perceived value. Theoretically, the price usually increases after a stock split as investors become more confident regarding the company. As mentioned earlier, the stock becomes more affordable and people start buying.

There are drawbacks to stock splits such as higher trading costs because of the sheer volume that's being traded.

[mikejet]

Originally Posted by ludawg23

Maybe it gives him a sense that the company is doing well?

I agree that it's all perceived value. Theoretically, the price usually increases after a stock split as investors become more confident regarding the company. As mentioned earlier, the stock becomes more affordable and people start buying.

There are drawbacks to stock splits such as higher trading costs because of the sheer volume that's being traded.

Also Warren isn't all too happy about the split either.

[Collectors Set]

Well we did end up getting a pull back to $68 range.

BREAKING NEWS.................
But a GIANT move happening now. UP over $5.00 to an intraday high of $73.28. BRK-B getting added to the S&P 500.