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 Video: What is a Stock Split?
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| Bowl America is engaged in the operation of bowling centers. As of Sept 1 2017, Co. operated 10 bowling centers in Washington, D.C., one bowling center in Baltimore, MD, three bowling centers in Jacksonville, FL, and four bowling centers in Richmond, VA. These 18 bowling centers contain a total of 726 lanes. These establishments are fully air-conditioned with facilities for service of food and beverages, game rooms, rental lockers, and meeting room facilities. All centers provide shoes for rental, and bowling balls are provided free. In addition, each center sells retail bowling accessories. Most locations are equipped for glow-in-the-dark bowling for parties and non-league bowling. According to our BWLA split history records, BWLA has had 5 splits. | |
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BWLA (BWLA) has 5 splits in our BWLA split history database. The first split for BWLA took place on April 14, 1986. This was a 6 for 5
split, meaning for each 5
shares of BWLA owned pre-split, the shareholder now owned 6 shares. For example, a 1000 share position pre-split, became a 1200 share position following the split. BWLA's second split took place on February 16, 1989. This was a 3 for 2
split, meaning for each 2
shares of BWLA owned pre-split, the shareholder now owned 3 shares. For example, a 1200 share position pre-split, became a 1800 share position following the split. BWLA's third split took place on February 16, 1995. This was a 2 for 1
split, meaning for each share of BWLA owned pre-split, the shareholder now owned 2 shares. For example, a 1800 share position pre-split, became a 3600 share position following the split. BWLA's 4th split took place on June 30, 2000. This was a 105 for 100
split, meaning for each 100
shares of BWLA owned pre-split, the shareholder now owned 105 shares. For example, a 3600 share position pre-split, became a 3780 share position following the split. BWLA's 5th split took place on July 02, 2001. This was a 105 for 100 split, meaning for each 100 shares of BWLA owned pre-split, the shareholder now owned 105 shares. For example, a 3780 share position pre-split, became a 3969 share position following the split.
When a company such as BWLA 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.
Looking at the BWLA split history from start to finish, an original position size of 1000 shares would have turned into 3969 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BWLA shares, starting with a $10,000 purchase of BWLA, presented on a split-history-adjusted basis factoring in the complete BWLA split history.
BWLA -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 04/14/1986 | 6 for 5
| | 02/16/1989 | 3 for 2
| | 02/16/1995 | 2 for 1
| | 06/30/2000 | 105 for 100
| | 07/02/2001 | 105 for 100 |
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