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 Video: What is a Stock Split?
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| Metalico operates in two business segments: scrap metal recycling (Scrap Metal Recycling) and lead metal product fabricating (Lead Fabricating). Co.'s Scrap Metal Recycling operations primarily involve the collection and processing of ferrous and non-ferrous metals. Co. collects industrial and obsolete scrap metal, process it into reusable forms and supply the recycled metals to its consumers that include electric arc furnace mills, integrated steel mills, foundries, secondary smelters, aluminum recyclers and metal brokers. Co.'s lead fabricating sales are concentrated within five main product lines: sheet lead, shot, extruded strip lead, machined lead parts and cast lead. According to our MEA split history records, MEA has had 2 splits. | |
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MEA (MEA) has 2 splits in our MEA split history database. The first split for MEA took place on June 02, 1987. This was a 2 for 1
split, meaning for each share of MEA 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. MEA's second split took place on December 02, 1997. This was a 2 for 1
split, meaning for each share of MEA owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as MEA 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 MEA split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MEA shares, starting with a $10,000 purchase of MEA, presented on a split-history-adjusted basis factoring in the complete MEA split history.
No data found |
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| Date |
Ratio |
| 06/02/1987 | 2 for 1
| | 12/02/1997 | 2 for 1
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