Split History
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Lakes Entertainment develops, finances, manages and owns casino properties. Co. owns and operates the Rocky Gap Casino Resort in Allegany County, MD (Rocky Gap), which includes a hotel, gaming facility, an event and conference center, spa, and four restaurants. Co. is also involved in other business activities, including the investment in non-Indian casinos in Ohio and Florida. Co.'s segments include: The Rocky Gap, which includes the operations and assets related to the Rocky Gap; The Indian Casino Projects, which includes the operations and assets related to the development, financing, and management of gaming-related properties for the Shingle Springs Tribe and Jamul Tribe; and Other. According to our LACO split history records, LACO has had 2 splits.
LACO split history picture
LACO (LACO) has 2 splits in our LACO split history database. The first split for LACO took place on May 04, 2004. This was a 2 for 1 split, meaning for each share of LACO 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. LACO's second split took place on September 10, 2014. This was a 1 for 2 reverse split, meaning for each 2 shares of LACO owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 1000 share position following the split.

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

Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/22/2008
End date: 08/03/2015
Start price/share: $8.32
End price/share: $9.10
Dividends collected/share: $0.00
Total return: 9.38%
Average Annual Total Return: 1.24%
Starting investment: $10,000.00
Ending investment: $10,939.31
Years: 7.28
Date Ratio
05/04/20042 for 1
09/10/20141 for 2
LACO is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:

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