Path: utzoo!utgpu!news-server.csri.toronto.edu!cs.utexas.edu!rice!uw-beaver!mit-eddie!wuarchive!decwrl!fernwood!portal!cup.portal.com!thad
From: thad@cup.portal.com (Thad P Floryan)
Newsgroups: comp.sys.amiga
Subject: Re: CBU listing
Message-ID: <33326@cup.portal.com>
Date: 28 Aug 90 13:28:57 GMT
References: <4136@crash.cts.com>
Organization: The Portal System (TM)
Lines: 23

pierre@pro-graphics.cts.com (Pierre Altamore) in <4136@crash.cts.com> writes:

"	[...]
	Thanks GOD they stopped the absurd splits that dominated the early
	80s.  From 1980-1983 Commodore stock split (3 for 2, 3 for 1, 3 for 2
	and 2 for 1) EVERY year!  It seems like the goofball management is
	gone and CBU will finally begin to settle down and move.  I'm buying.. 
"

Uh, let's not forget the REASON Commodore stock split so many times back
then.  It would go up to $120 a share, split down to around $60/share, go
back up to $110-$120 a share, split down again, etc etc.

Prior to those "absurd splits", back in the early 70's, the stock was around
$2 or $3 per share and it was rare for it to trade even 500 shares a WEEK.  I
remember it taking several weeks to buy the number of shares I wanted back
then simply because there weren't that many shares traded on the exchange.

To put that era (early 70's) into perspective, that's when most new cars cost
around $3,000, a brand new Rolls-Royce would cost $19,000, Cadillacs cost
$6,000, and the US had just put a man on the moon a few years earlier.  :-)

Thad Floryan [ thad@cup.portal.com (OR) ..!sun!portal!cup.portal.com!thad ]