伯克希爾哈撒韋A類股(BRK.A.US)站上50萬美元 巴菲特爲何不願拆股?
巴菲特(Warren
Buffett)旗下伯克希爾哈撒韋公司(BRK.A.US)A類股週三收於50萬美元以上,創下該股歷史新高。這是該公司股票首次收盤價超過50萬美元,使其市值超過7300億美元,現在是美國市值排名第六的公司。
伯克希爾哈撒韋A類股一直是投資者能買到單股最貴的股票,這對於大多數散戶投資者來說這是一個很高的門檻。那麼伯克希爾哈撒韋爲何不對A類股進行拆股,降低購買價格、增加股數?
作爲迴應,伯克希爾在1996年推出了更便宜的B類股(BRK.B.US),截至週四收盤價格約爲345美元,這要便宜得多,但該公司一直拒絕分拆最初發行的A類股。
智通財經APP瞭解到,巴菲特認爲,正是由於沒有分拆,伯克希爾哈撒韋纔有瞭如此強勁的價值增長記錄。
在1995年的伯克希爾哈撒韋年度股東大會上,巴菲特承認,擁有如此高價的股票——當時,它的交易價格約爲2.5萬美元——對投資者來說可能“從尷尬到不利”,尤其是在贈送股票方面。但他表示,進入壁壘是故意設置的。
他表示:“我們希望儘可能吸引那些以投資爲導向的股東,而且要有長遠眼光。如果伯克希爾拆分股票並降低價格,我們將獲得一個不像我們現在這樣精明老練和目標同步的股東基礎。”
伯克希爾哈撒韋已發行的A類股略多於61.5萬股,而已發行的B類股約爲13億股。
巴菲特補充稱,如果股票不能爲投資者創造"內在價值",他就沒有理由購買價格更低、波動性更大的股票。“有很多人被上漲的股票所吸引。它不會吸引我們。我們不希望它賣得更高,除非它的內在價值增長了。”
就在2011年,巴菲特的長期得力助手查理芒格(Charlie
Munger)還稱,巴菲特有一個喜歡對上了年紀的朋友重複的笑話:“願你能活到A股拆分。”
近年來,亞馬遜(AMZN.US)和谷歌的母公司Alphabet(GOOGL.US)都宣佈,今年早些時候股價超過3000美元,它們將以1:20的比例進行股票分割。此前,蘋果(AAPL.US)和特斯拉(TSLA.US)於2020年都在估值飆升時分拆了自己的股票。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.