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Expected Splits Sunday, March 25, 2001
GPSI - Great Plains Software $62.19 (+2.38) This provider of business management software has never split its shares, but is in historic split territory for its industry. GPSI has 100 million shares authorized and only 20 million outstanding, so a 2:1 may be in the cards. The company releases earnings on 3/27, which we feel would be an excellent time to reward shareholders with a stock split. CCR - Countrywide Credit $43.80 (+1.04) Countrywide is currently trading off its highs, but is still well into split territory. The company last split its shares 3:2 back in May of 1994 at $22/share. Although, historically the firm prefers to enact splits at around the $40 level. With 116 million shares outstanding and 240 million authorized, CCR can easily do another 3:2. We are anticipating an announcement out of its 3/29 earnings release. OMC - Omnicom Group $81.75 (-1.35) OMC is another stock that is off its highs, but that is still hovering at split-levels. The company last split its shares 2:1 at $78.81 on 12/29/97. We are obviously above these levels now and since authorized shares won't be a problem, we are banking on a split announcement to coincide with OMC's BoD meeting scheduled for 3/29.
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