If you had a rare coin and you were one in ten people who had this coin you would feel good about it right. Now supposed 100 other people have the same coin, would that take away from the value? Same with stocks.
unfortunately not because the pps drops proportionally with the O/S. more shares = lower price. they only way to reverse what is going on now is to put up a profit. yes, the "p" word. a reverse split does us no good, plus they would have done that if they had felt the pps was too low anyway. this is my take, and jmho.
Xan ...the idea of being worth more if there is less of it is pure HOGWASH!!! Earnings PER SHARE is what is CLAIMED to be important ,but in this market EPS means nothing ...it is only so much rhetoric. Meaningless principle nowadays and only a carryover from the days when it was important.Back then even a novice could guess a price target based on its EPS and multiples thereof.The SIMPLE
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