8.11.2004

UFJ shares up after Tokyo High Court repeals MTFG ban

UFJ shares up after Tokyo High Court repeals MTFG ban, meaning that Sumitomo Mitsui FG has no chance in hell in succeeding in it's hostile takeover bid. UFJ shares shot up over 5%. The value of a share of UFJ stock was, at one point, at 487,000 yen (4,800USD). Now this is just a hypothetical, but hear me out. If they had a stock split they could raise a lot of money for the company. A stock split, why didn't they think of that. A bank that is going bankrupt should not have stock valued so high. They should have split that stock many times by now. I just don't get it. As I type I checked the price of a share of UFJ stock on the Tokyo market and it has receeded a bit to 463,000.

The Tokyo Stock Exchange is a very volatile stock market. Even a breeze can knock the price of a stock off of a cliff. There is no reason to keep a share of stock valued so highly. Split it! Do that and everyone wins.

That's just my crazy idea....or if you want to really dig deep into their problem. They can stop lending money to bankrupt Japanese people. That would solve a huge chunk of their problem.