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LCAV (LCAV) has 2 splits in our LCAV split history database. The first split for LCAV took place on June 05, 1996. This was a 1 for 4 reverse split, meaning for each 4 shares of LCAV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. LCAV's second split took place on December 16, 2004. This was a 3 for 2 split, meaning for each 2 shares of LCAV owned pre-split, the shareholder now owned 3 shares. For example, a 250 share position pre-split, became a 375 share position following the split.
When a company such as LCAV splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as LCAV 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 LCAV split history from start to finish, an original position size of 1000 shares would have turned into 375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LCAV shares, starting with a $10,000 purchase of LCAV, presented on a split-history-adjusted basis factoring in the complete LCAV split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||35.36%|
|LCA-Vision is a provider of fixed-site laser vision correction services at its LasikPlus® vision centers. Co.'s vision centers provide the staff, facilities, equipment and support services for performing laser vision correction that employ laser technologies to help correct nearsightedness, farsightedness and astigmatism. Co.'s vision centers are supported by independent ophthalmologists and optometrists, as well as other healthcare personnel. As of Dec 31 2012, Co. operated 54 LasikPlus® fixed-site laser vision correction centers located in metropolitan markets in the U.S. According to our LCAV split history records, LCAV has had 2 splits.|
|LCAV Split History Table|
|06/05/1996||1 for 4|
|12/16/2004||3 for 2|
|Healthcare Stock Splits|
|LCAV is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:|