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coach bags coach outlet 32. The tally in 2012 is 10.Splits have a bad reputation among some investors because they're largely done for cosmetic reasons. After all, giving investors two new shares worth $50 each for an old one worth $100 does not make the new shares more valuable.Or to put it another way, a pizza pie doesn't taste any better if you cut it in more pieces.In 1983, Warren Buffett blasted splits in an annual letter to Berkshire Hathaway shareholders. He said they suggest a company is focused more on the stock price than on value. He also thought they attracted more short term investors not a good thing, in his opinion. "A hyperactive market is the pickpocket of enterprise," he wrote.Berkshire created cheaper Class B shares in 1996 and split them 50 for 1 in 2010, to make it easier for owners of Burlington Northern Santa Fe, a railroad that Berkshire bought, to exchange their shares for Berkshire shares.One possible casualty from the fall in splits is finance professors. They've written voluminous studies about them. There have been studies on the rise of splits, the fall of splits, why older firms tend to split less often than young ones, trading before splits, trading after splits and, most recently, why Vietnamese companies plagued by insider trading are more likely to split.The danger with the lack of splits is that investors will buy stocks because they think a higher price means it's more valuable.It's "psychological," says Joe Bell, senior analyst at Schaeffer's Investment Research, about the appeal of triple digit stocks. He adds, "It's much ado about nothing."Among members of the S $100