No one can guess what will happen to the sp, and I don't think we can compare ELD to BLY. IMHO BLY management is way better than ELD management. We can't compare them.
The fact ELD's sp didn't go well cannot be attributed to consolidation.
In BLY's case the main disadvantage that the company is trying to address is in the second bullet point:
. precluding investment from institutional investors who may be limited by their charters or mandates from investing in stocks with low share prices.
Could it be that in berkshire hathaway's case some instos might have been limited by their charters or mandates from investing in stocks with (too) high share prices like $3500?
I'll just sit back and watch what will unfold.
BLY Price at posting:
$3.55 Sentiment: LT Buy Disclosure: Held
