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Green Mountain Coffee Roasters spooks shorts, announces split

Posted May 19th 2009 11:30AM by Elizabeth Harrow (RSS feed)
Filed under: From the boards, Stocks to Buy

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) has enjoyed a stellar run higher in 2009, with the shares up 105% year-to-date.

Today, the company announced that its board has approved a three-for-two stock split in the form of a stock dividend. All shareholders of record as of May 29 will receive one additional share of GMCR common stock for every two shares currently held, with distribution scheduled for June 8.

"This stock dividend allows us to share our success with our loyal stockholders to the extent of our authorized stock and underscores our confidence in the strength of our Company and its prospects for the future," said President and CEO Larry Blanford in a statement.

Continue reading Green Mountain Coffee Roasters spooks shorts, announces split

Are Apple (AAPL) shares ready to split?

Posted Oct 8th 2007 1:00PM by Brian White (RSS feed)
Filed under: Rumors, Apple Inc (AAPL)

Apple (NASDAQ: AAPL) logoIt's time for the apple to split, and we're not talking fruit here. Apple, Inc. (NASDAQ: AAPL) sits at an all-time high, closing above $161 last Friday, and it may be that another stock split is in order. After all, 2-for-1 splits have happened before, with the most recent in 2005.

This time, it's different. Before -- in 1987, 2000 and 2005 -- Apple's shares were worth roughly $100 each. They're quite a bit above that now, right? It another 2-for-1 split already overdue? Has Apple's meteoric share price been even a surprise to the company itself, explaining the delay?

A split now would signal to the world that Apple believes it has even more room to grow. But does it? From the unrelenting excitement about its products, it most likely does, despite the fact that the company appears to be more arrogant than ever. Shh -- don't tell the market makers, though.

If a split does happen, might it be a 3-for-1? That would bring the share price into the $50 range instead of the $80 range, which is a more likely a scenario in my view. One thing is for sure -- Apple will most likely think harder and harder about splitting in some fashion as shares get within shouting distance of $200. It's headed there soon, according to my colleague Georges Yared.

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 05:56 PM

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