Word: splitting
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Dates: during 1950-1959
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...South is still the heartland of anti-Catholic attitudes. In 1928, the last year when religion was a big national political issue, Quaker Herbert Hoover soundly defeated Al Smith, a Catholic, by more than 6,000,000 votes, and seven states (Florida, Kentucky, North Carolina, Oklahoma, Tennessee, Texas. Virginia) split from the Solid South to vote Republican. The Southern trend, according to Gallup...
...most remarkable phenomena of the bull market has been the rash of stock splits, and the way they have sent stocks scooting up. Staid old American Telephone & Telegraph, for 73 years a holdout against splitting, soared 65 points from 202 within a few weeks after its 3-for-1 split announcement. So popular has splitting become that 80 major companies have registered or announced splits this year, and Wall Streeters feel sure that the old record of 181 splits (in 1955) will be topped before the year is out. While stock splits have gladdened many a stockholder, they have produced...
Many stockholders are baffled by splits; they think that a 2-for-1 split doubles their money. Actually a stock split does not of itself increase the stockholders' equity at all. The new shares are based on the same corporate net worth, thus are technically worth precisely half the old. Sewell Avery, former board chairman of Montgomery Ward, long opposed splits, sneered at them as "two hat checks...
...most Wall Streeters and nearly all stockholders like splits. A split produces an optimistic psychology among investors; it seems to promise that things are going well with the company, especially when the split is accompanied by a hike in the dividend. Corporations like splits because they keep the price low, broaden the market for their securities. Many an investor would rather buy 100 shares at $15 a share than ten shares at $150. Atlantic Refining was selling at $86 and losing stockholders when it split its stock in 1952. In the following few months its list of stockholders increased...
Their opponents, the Winthrop House Boating Club, admitted no fear before the race, although one "Winnie" commented, "That's a powerful lot of girls!" But, once the girls split up and the race started, the smooth stroking of the Smith-coxed shell brought it victory by at least a length...