Second,
the resulting share price appreciation meant that it cost Buffett fewer Berkshire shares to purchase Burlington Northern.
Not exact matches
As a
result, because investors know that the issuer will probably call the
shares if they trade above $ 100, the stock's
price appreciation is effectively capped at $ 100 per
share.
Phillip Morris (NYSE: PM), Pfizer (NYSE: PFE) and Spectra Energy (NYSE: SE) have dropped off the screen
results because they are yielding less than 4 % due to
share price appreciation.
Accordingly,
price action & return tends to be far more event - driven in nature — i.e. volatile / significant
share price moves in response to good / bad news,
results, or rumours, followed by long periods of neglect — whereas large caps tend to enjoy far more steady & measured
appreciation over time.
As a
result, because investors know that the issuer will probably call the
shares if they trade above $ 100, the stock's
price appreciation is effectively capped at $ 100 per
share.
As a
result, the fund's
share price, which is its NAV, will vary and reflect the effects of unrealized
appreciation and depreciation and realized losses and gains.