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ADVS - Advent Software $63.80 (-3.46) As Advent approaches previous split-levels ($73-$80) we're anticipating another possible split with the company's next major event. Stock prices have doubled since April so watch for an announcement with the company's next earnings release in mid-July. AGN - Allergan, Inc. $84.29 (-6.15) Allergan announced its last 2:1 split in 1999 when the stock was trading at $57. At current prices of $85, we expect the next announcement to be delivered with earnings around July 24 or with an impromptu BoD meeting. There are approximately 132 million shares outstanding and 300 million shares are authorized, therefore, the company is easily poised for another 2:1. CERS - Cerus Corporation $69.65 (-3.38) This medical products developer has not yet split its shares but prices are at some key psychological levels now. Recently, Cerus received the Discover Magazine Innovation Award, recognizing the company's Helinx technology as a "Top Innovation in 2000". There are plenty of authorized shares to execute a split so watch for an announcement with the Company's next BoD meeting or with earnings in July. CHBS - Christopher & Banks Corp. $31.50 (-6.88) CHBS is off its 52-week high of $47.50 but with the last two splits being declared when prices were at $32, we feel that Christopher & Banks is a great candidate for another announcement. Additionally, shareholders will be voting on August 1st on an amendment to increase the number of authorized shares from 30 million to 75 million. Earnings are expected to be released on July 21, so the Board may choose that time for the split announcement. WTSLA - Wet Seal, Inc. $34.35 (-1.60) On June 11, Wet Seal filed with the SEC a proxy to vote on increasing their authorized shares for the specific purpose of executing a 3:2 stock split as stated in the Company's PRES 14A filing. Even with shareholder approval, the final declaration is pending positive market conditions, but we'll keep an eye out for a probable announcement. A date for the shareholder meeting has not been set, but it is expected to occur in early July.
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