Apple Announces Stock Split
Apple announced today that their Board of Directors has approved a 2 for 1 stock split, increasing the number of common shares from 900 million to 1.8 billion.
A stock split simply decreases the cost of purchase of each share while proportionally increasing the number of shares available. This does not change the value of the stock owned by current shareholders.
Each shareholder of record at the close of business on February 18, 2005 will receive one additional share for every outstanding share held on the record date, and trading will begin on a split-adjusted basis on February 28, 2005.
A stock split simply decreases the cost of purchase of each share while proportionally increasing the number of shares available. This does not change the value of the stock owned by current shareholders.
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91 months ago
seems like everyday brings more good news for my favorite company!
technocoy
technocoy
91 months ago
Hmmm, not sure why you guys think this is good news. Stock splits don't mean anything.
91 months ago
Hmmm, not sure why you guys think this is good news. Stock splits don't mean anything.
I think it's generally seen as a positive sign about prospects for the company.... but yes, at face value, it doesn't mean much.
arn
91 months ago
What is the effect of doing this? I understand the fact that there are now twice as many shares available at half the price, but what is the real economic effect?
-ac2102
-ac2102
91 months ago
Beautiful! This means apple anticipates thier growing just as much as we do. Wonder how the market will react, if at all.
91 months ago
What is the effect of doing this? I understand the fact that there are now twice as many shares available at half the price, but what is the real economic effect?
-ac2102
There is no real effect. Occasionally you get a bit of exuberance (a bit like what we see in this thread already) and the price spikes, but afterwards it should settle down as rational investors realise its a non-event. If you are interested, look up 'Miller and Modigliani'
91 months ago
Doofy now wishes he had more than 10 shares. Though, Doofy did buy those 10 shares at $19 and change. So, Doofy made a small profit (well, if I sell).
Maybe I'll buy some more after the split...
Maybe I'll buy some more after the split...
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