InterDigital Inc (IDCC)

[The Count]

Splits

Why does anybody care about splits? Does somebody think you get something for nothing?

I understand that the great unwashed will bid a stock up when it splits - in the mistaken belief that there is a benefit - but outside of hoping for the foolish to bid it up, why would anybody care?

Splits are done when a stock price has climbed and the company feels it will have more buyers with a lower trading price, as many individuals shy away from stocks that have a high cost per share (the great unwashed masses you refered to). Splits are a sign that a stock has done well, so I'm hoping for future split(s) because it will mean the stock value is much higher than it is today.