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MEAD (MEAD) has 2 splits in our MEAD split history database. The first split for MEAD took place on June 20, 2000. This was a 2 for 1 split, meaning for each share of MEAD owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MEAD's second split took place on August 10, 2009. This was a 1 for 20 reverse split, meaning for each 20 shares of MEAD owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 100 share position following the split.
When a company such as MEAD 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 MEAD 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 MEAD split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MEAD shares, starting with a $10,000 purchase of MEAD, presented on a split-history-adjusted basis factoring in the complete MEAD split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||7.99%|
|Meade Instruments designs, manufactures, imports and distributes telescopes, telescope accessories, binoculars, spotting scopes and other consumer optical products. Co.'s brands include Meade® and Coronado®. Co. manufactures a line of astronomical telescopes such as its LX series ACF and Schmidt-Cassegrain telescopes, as well as its SolarMax telescopes. Co.'s entry-level telescopes include the LS Lightswitch series of telescopes and the Coronado Personal Solar Telescope. Co. also sells a line of consumer digital weather and time products, and provides accessories for each of its key product lines that range from additional eyepieces and multi-media celestial observation guides to software. According to our MEAD split history records, MEAD has had 2 splits.|
|MEAD Split History Table|
|06/20/2000||2 for 1|
|08/10/2009||1 for 20|
|Consumer Stock Splits|
|MEAD is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:|