When a company such as COSI conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the COSI split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into COSI shares, starting with a $10,000 purchase of COSI, presented on a split-history-adjusted basis factoring in the complete COSI split history.

About COSI

COSI owns, operates and franchises restaurants. As of Dec 28 2015, there were 79 Co.-owned and 31 franchised restaurants operating in 15 states, the District of Columbia, the United Arab Emirates, and Costa Rica. Co.'s food menu includes sandwiches, salads, bowls, soups, appetizers, flatbread pizzas, Squagels®, breakfast wraps and other breakfast products, S'mores and other desserts. Co.'s beverage menu features a variety of house coffees and other espresso-based beverages, hand-crafted drinks, soft drinks, flavored teas and bottled beverages, which include still and sparkling waters, and, in some locations, beer and wine. For its young guests, Co. provides its Parent Magazine Kids Menu. According to our COSI split history records, COSI has had 1 split.

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