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[chargeroo]

Been reading Amazon is wanting to put in for a 20 to 1 split. That would be insane for those with stocks in them.

I have read about it twice but it isn't constant chatter.

It happened last week. You can buy it for around $112.00 now.

[Bolt-O]

Stock Splits are for retail liquidity, just allows for more round lot trading. Some brokerages do allow for fractional share trades, but it really is a p.i.ta. to account for them. Any stock with a 4 digit price is difficult for day and swing traders, especially options traders. But in reality, at the time of the split, no one really gets any new value from it, irrational traders jump in and push up the price a little, and with AMZN, it didn't last long and fell with the rest of the market.

I hate it that people are losing in this market, but that's beyond the scope of this forum.

[powderblueboy]

Playing devil's advocate here...if another city is willing to pay for part or all of a stadium, why shouldn't the owners use that in leverage? That is pretty much how everything works. If you got a job offer that was going to pay you substantially more than your current job, but like your current job, would it be wrong to give your company a chance to match that offer? Or should your emotional attachment mean you should accept a lesser salary and stay at your current job? I can't fault the owners for negotiating the best deal they can get - all companies do it. Nobody is forcing the city to offer a penny in assistance. And if no cities did it, the owners would have to fund the stadiums themselves. But there are cities willing to do it so the owners take advantage of it.

There is the perhaps old fashioned notion held by decent people of civic pride in one's community and wishing to make it a better place.....and that operating merely on a principle of greed, shamelessly blackmailing fans and communities by threatening to take your franchise or corporate facilities elsewhere unless the community divvies up the cash are the actions of the reprehensible.

Having said that, you know as well as i the type of people who run NFL franchises and corporations today, and that is what they are going to do. They have no sympathy for the community at large, the fans, nor even the players, whose union reps they are openly contemptuous of during negotiations. There was an oft repeated saying by a GM executive about what's good for General Motors being good for America, but he also added that what is good for America is good for GM. Those guys were more interested in the quality of the product (in a sort of prideful manner) and they would reinvest profits back into the companies research and manufacturing processes....they were compelled to do so by the high corporate tax rates. When corporate taxes were slashed, those guys were replaced by more financially inclined individuals, who would rather invest corporate profits elsewhere. A few movies were made about this shift in corporate culture. Today's execs are mostly a shameless group who take no pride in anything except using the world as a trough to stuff their bellies and grease their snouts.

The question is why are we, as a nation, bending over backwards the last 40 years placating their itches by consistently reducing their tax rates, failing to enforce anti-trust laws that are on the books, deregulating much of their financial activities, going overboard with patent protections, revamping trade laws that protect and expand their interests but opens everyone else up to world wide competition...the list goes on and on.

In terms of economic growth, these changes have had the opposite effect: our economy has become increasingly moribund each passing decade.

[Boltjolt]

Stock Splits are for retail liquidity, just allows for more round lot trading. Some brokerages do allow for fractional share trades, but it really is a p.i.ta. to account for them. Any stock with a 4 digit price is difficult for day and swing traders, especially options traders. But in reality, at the time of the split, no one really gets any new value from it, irrational traders jump in and push up the price a little, and with AMZN, it didn't last long and fell with the rest of the market.

I hate it that people are losing in this market, but that's beyond the scope of this forum.

You dont get more value but you get 20 times as many stocks. Ill take that as well.

[chargeroo]

I hate it that people are losing in this market, but that's beyond the scope of this forum.

But it gives us something to discuss during the worst time of the year for us.

[Bolt-O]

But it gives us something to discuss during the worst time of the year for us.

Just be careful...the markets are only fractionally away from politics.

[Boltjolt]

Just be careful...the markets are only fractionally away from politics.

Hmm, I don't think it's even close. Hardly a topic of discussion here over the years.
But, however you guys see it is fine with me.

[TexanBeerlover]

See plenty of terrible topics, wild speculation with ridiculous projections, from all over. Some want to restructure cap by trading inevitable cuts with expectations another teams trash smells better than our trash.

Just let it ride, exercise improved depth and accept compensatory picks as they come, then retool and upgrade roster next off-season, if something has to be done make a move @ the trade deadline. Until then, Let’s Go!

[chargeroo]

The writers are just like us, they can't find any news to write about so they speculate. There's just nothing going on in the NFL world now.

[Topcat]

But it gives us something to discuss during the worst time of the year for us.

Yep...during the Dog Days of Summer, we can discuss Dogcoin...

dogcoin.JPG

[Topcat]

Been reading Amazon is wanting to put in for a 20 to 1 split. That would be insane for those with stocks in them.

I have read about it twice but it isn't constant chatter.

In a bull market, a split lowers the price of a stock to make it more attractive to new buyers. Existing shareholders still retain the same value, just with a lot more shares. In today's bear market, a split may not help much. In the past three months, Amazon has tumbled from a high of around $169 a share to a low of around $100. Today, last I looked, it was around $110 (see chart below). Traditional advice is "sell high, buy low." But has Amazon bottomed out? A lot of pretty smart experts, like Michael Burry (of "The Big Short" fame; Robert Kiyosaki, Jim Rickards) are saying that this bear market will continue. Some are even saying it could get worse than the infamous 1929 market crash. With all the warning signs, including inflation, high gas, diesel and grocery prices, crop failures, drought, floods, food shortages, supply chain issues, war, etc., I see no reason to be optimistic about this economy for at least this calendar year, and probably beyond.

amazon quote.JPG

[Boltjolt]

Yep...during the Dog Days of Summer, we can discuss Dogcoin...

dogcoin.JPG

Nothing to discuss. Its crap.