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There was no cost to stockholders in connection with the stock split and they did not have to pay taxes on their receipt of new shares.
In order to analyze influence on the company's financial position on the market let's take a look at the numbers. The table 1 provides information for 2006.
Table 1
As we can see, in the second quarter of 2006 close price adjusted for dividends and splits had a tendency to go down (from 42...
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The table 1 provides information for 2006.
Table 1
As we can see, in the second quarter of 2006 close price adjusted for dividends and splits had a tendency to go down (from 42.69 to 34.51), but after the 2:1 stock split it became to increase (from 35.98 to 38.12). However, at the end of the year the close price went down to 32...
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