Ep 390. The Omaha Experience: Our Take on Berkshire’s AGM
Focused Compounding
00:00
The Cost of Going Private
A lot of companies decided around 2005 or something to go private. They needed to get under 300 shareholders, which would exclude things held in street name and stuff. To do that, they basically need to get rid of their very small shareholders. So the easiest way to do that is just do a reverse split where anyone who owns 99 shares or less gets cashed out.
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