Higher sharecount would help smooth out the trading for the institutions though. We've said it here many times before; TA on such a low volume stock is extremely unreliable at best. So I'm an active fund manager who relies heavily on TA as part of my distribution strategy; regardless of how much I love the Ag theme and the AMZ story, I cannot include AMZ in my portfolio...at least in any meaningful way. Now the flip side is there's all kinds of funds with all kinds of strategie, many of which marry up quite well with this story, but may not with the theme. We limit the potential institutions who can employ capital into AMZ as part of their fund's strategy.
Of course there's the retail issue. I myself have a hard time rounding out the numbers here, and even greater difficulty at $20. My rebalancing at that point (and at some degree this one) requires me to move odd lots off the board, which is fine, but also requires me to hold odd lots - which I do not like. The reality of a post split would likely have many of uss rebalancing and placing into the hands of new investors, and the volumes allow for smoothing out of the trading patterns. |
