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Expected Splits Sunday, March 11, 2001
KMG - Kerr-McGee Corporation $69.79 (+3.73) Kerr-McGee last split its shares 2:1 way back in 1981 at about $75/share. With oil and gas stocks riding high on the wave of rising energy prices, KMG is back into split territory after all these years. We believe there is a possibility of another 2:1 split announcement coinciding with the company's Board of Directors meeting scheduled for 3/13. BMET - Biomet, Incorporated $41.38 (+2.07) This medical equipment supplier has appreciated almost 50% over the last year and is now trading near all-time highs. BMET last announced a 3:2 split back on 7/6/2000 at $38.00, so we are right back into split territory. The company releases earnings on 3/14, which we feel would be a good time to announce another 3:2 split.
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