Well in looking at the chart, the stock barely reacted to the earnings
report. The price started to take off 12/1, 7 days before the announcement.
Perhaps someone got the news early, which seems to be increasingly common.
To me a stock split in this price range, today's close was 35.625, is abit
worrying as a stockholder.
A few years ago I owned Iomega. It split 2:1 at $20 and has never seen $10
since!
Notice that there was no reason given for the split. Stocks generally split
because the have gotten too high for the "average" investor to buy an even
number of shares. $36/share still doesn't seem to rich (Most stocks seem to
split around $100/share).
Maybe MapInfo wants to get the price back to the IPO price, $24/share. Looks
like an analyst recommended a buy on MapInfo. Maybe he recognizes that
MapInfo as an Internet play possibility. ( I'd like to see it go up like
Yahoo, or Linux, wouldn't you?)
Now you may be wondering what this has to due with this list. Well we've all
hooked a fair amount of our time and energy to MapInfo and the stronger the
company is, the more valuable and in demand our skills will be.
-----Original Message-----
From: Stephen Sloan [mailto:[EMAIL PROTECTED]]
Sent: Thursday, December 09, 1999 11:27 AM
To: Bill Thoen; Dan Munson
Cc: MapInfo-L (E-Mail)
Subject: Re: MI MapInfo Stock - On fire
A stock split by itself would be unlikely to produce more than a temporary
increase in a stock's price. A more likely explanation is the strong
earnings growth for Mapinfo Corp.
"November 9, 1999 04:59 AM
TROY, N.Y.--(BUSINESS WIRE)--Nov. 9, 1999--MapInfo Corporation MAPS today
announced record financial results for the three months and fiscal year
ended September 30, 1999. Revenues for the fourth quarter of fiscal 1999
increased 24% to $21,171,000 from $17,110,000 reported last year. Operating
income grew 42% to $2,282,000 from $1,611,000 and the operating margin
reached 10.8% compared to 9.4% last year. Net income for the fourth quarter
was $1,715,000, or $0.28 per share, compared to $1,282,000, or $0.22 per
share, in the prior year period. "
More at
http://moneycentral.msn.com/scripts/webquote.dll?iPage=news&Symbol=MAPS&ARTI
CLEID=BW,1999/11/09,BW1005
----- Original Message -----
From: Bill Thoen <[EMAIL PROTECTED]>
To: Dan Munson <[EMAIL PROTECTED]>
Cc: MapInfo-L (E-Mail) <[EMAIL PROTECTED]>
Sent: Thursday, December 09, 1999 9:41 AM
Subject: Re: MI MapInfo Stock - On fire
> Probably has something to do with the stock split. See Recent
> Industry Press release,
> "MapInfo Announces Three-For-Two Stock Split" at
> http://www.directionsmag.com/.
>
> - Bill Thoen
>
>
> > Dan Munson wrote:
> >
> > Does anyone have any idea why MapInfo is up 50% in 2 wks?
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