Voices What Do You Think?
Is a Share Still a Share if the Company Has Fewer of Them?
After General Motors announced a $20 billion buyback, the Reporter asked residents whether owning a piece of something gets bigger when the something gets smaller.
“A share is a share. If the market says it’s worth more, it’s worth more, and I don’t need a second opinion from the company that’s buying them.”
Gary Lindqvist, 51 Insurance adjuster “I’ve held the same eleven shares since 1998, and they were eleven shares when I bought them and they’re eleven shares now. I don’t do math on them. I just look at them.”
Lorraine Okafor, 62 Retired school bus driver “Fewer shares means each one is a bigger slice of the pie. I looked it up. The pie is the same size. That’s the part I focus on.”
Kevin Ruhl, 44 Regional sales manager “I don’t own any, but my father-in-law does, and he says it’s like a parking spot that gets bigger when the lot gets smaller. He has not been wrong about a parking spot yet.”
Tina Morrow, 36 Dental office manager “The company is entitled to decide how many it has. I’d only ask that it tell us before it takes them away, so we can get a cup of coffee and say goodbye.”
Earl Whitlow, 70 Borough council member