Official Palm Blog Post on Palm's Stock Price

Yesterday (30 Jan 2008), in a post on the Official Palm Blog entitled "Clearing up a Misconception - Palm's Stock Price", Paul Loeffler tries to explain some of the "misleading statements in recent articles about our stock price".

Primarily, he points out that since Palm paid out $9 per share last October, we need to add that $9 onto the current share price, if we want to make a fair comparison against historic Palm stock price (before the $9 pay out).

If this is a valid strategy, I can see how people (stock holders, investors, the public, etc.) might be concerned. Since Palm stock is currently (Jan 2008) at $5.42, it does appear to have dropped significantly from last year, since Paul's info places Palm stock at $13.84 in Jan 2007.

This "adjustment before comparison" did make sense to me... but then I'm not a financial whiz.