![]() |
![]() |
||
|
Expected Splits Sunday, March 18, 2001
MKC - McCormick & Company $40.00 (-1.36) This manufacturer of spices and specialty food products has never split its shares, but is in historic split territory for its industry. MKC has 160 million shares authorized and only 60 million outstanding, so a 2:1 may be in the cards. The company releases earnings on 3/21, which we feel would be a good time to also announce a stock split. BMET - Biomet, Incorporated $39.00 (-2.38) Deja vue. Biomet was expected to announce a split last week during its earnings release but it did not. However, the company has its Board of Dirtectors meeting on 3/23, so this may be the one. BMET last announced a 3:2 split back on 7/6/2000 at $38.00, so we are right back into split territory. The stock also weathered last week's market storm fairly well, so it remains near all-time highs.
|
|
Do not duplicate or redistribute in any form. |