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  • I'll take 3 to 1 on GMCR 1 comment
    May 6, 2010 6:25 PM | about stocks: GMCR

     After additional due diligence on $GMCR we are even more inclined to buy at this price. GMCR is going to be having another stock split having had one less than a year ago.

    Shareholders of the Waterbury, Vermont-based company will receive two additional common shares for each share they already own. The shares will be distributed on July 27 to shareholders of record as of July 17.

    www.rueters.com

    A stock split reduces the share price by increasing the number of shares outstanding, and can make it easier for smaller investors to buy shares.

    Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) today announced that its Board of Directors has approved a three-for-one stock split to be effected in the form of a stock dividend.

    The Company will distribute two additional shares of its common stock for every one share of common stock to all shareholders of record at the close of business on Monday, May 10, 2010. The shares will be distributed on Monday, May 17, 2010 by the Company’s transfer agent, Continental Stock Transfer, so that the new shares issued will equal three times the pre-split number. The Company’s common stock will begin trading on a split-adjusted basis on Tuesday, May 18, 2010 at the Monday, May 17, 2010 closing price divided by three.

    Read full press release here.

    We think you can wait until the split happens and grab those shares while their cheap – if the market reacts how it did with the last split, they’ll bounce back up in no time; or you can act quickly and get in now and be a part of the transition.We’ll probably do a bit of both. We’re confident either move is good, after all, with this new acquisition there is more to the “bottom line”.

    Here at The Market Order, we love feed back from our readers, so make sure to leave comments and let us know what YOU think! Also, add us on twitter@HotForStock and be sure to say hi!

    Stocks: GMCR
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  • phylspilot
    , contributor
    Comments (12) | Send Message
     
    Long term holder of GMCR...split adjusted I am in at low single digits.
    Having observed past performance, I'm beginning to wonder when that next split might occur. Any thoughts out there?
    7 Jul 2011, 05:11 PM Reply Like
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