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SPCHB (SPCHB) has 1 split in our SPCHB split history database. The split for SPCHB took place on September 21, 2005. This was a 1 for 4 reverse split, meaning for each 4 shares of SPCHB 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.
When a company such as SPCHB 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 SPCHB 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 SPCHB shares, starting with a $10,000 purchase of SPCHB, presented on a split-history-adjusted basis factoring in the complete SPCHB split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-13.75%|
|Sport Chalet is a retailer of sporting goods providing an assortment of brand name sporting goods equipment, apparel, and footwear. As of Mar 31 2013, Co. operated 54 stores, including 33 locations in Southern California, nine in Northern California, eight in Arizona, three in Nevada, and one in Utah. Co. also has a Team Sales Division and an online store at sportchalet.com. Co.'s stores provide over 50 services for the sports enthusiast, including climbing, backcountry skiing, ski mountaineering, avalanche education, and mountain trekking instruction, car rack installation, snowboard and ski rental and repair, Scuba training and certification, Scuba boat charters, and racquet stringing. According to our SPCHB split history records, SPCHB has had 1 split.|
|SPCHB Split History Table|
|09/21/2005||1 for 4|
|Services Stock Splits|
|SPCHB is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:|