Because none of that is guaranteed. Lets say the split happens and the share price continues to slip lower? Well then all thats happened is you lost most of your shares. Its akin to stealing in my opinion. At least with a buy-back you have legitimately increased share value. With a split there are a lot of hopes, dreams, and maybes. Kind of like with Obama, and we all know how well thats working out. Thats just my take......well, not just mine obviously, based on the current tanking of the share price.
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