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Noranda Aluminum Holding is a producer of primary aluminum and rolled aluminum coils. Co. has two businesses: its Upstream Business and Downstream Business. Co.'s Upstream Business consists of three reportable segments: Bauxite, which mines and produces the bauxite used for alumina production; Alumina, which chemically refines and converts bauxite into alumina; Primary Aluminum, which produces aluminum products in several forms, including billet, rod, high purity sow and foundry, as well as produces commodity grade sow. Co.'s Downstream Business comprises its Flat-Rolled Products segment, which produces rolled aluminum products such as finstock and container stock. According to our NOR split history records, NOR has had 2 splits.
NOR split history picture
NOR (NOR) has 2 splits in our NOR split history database. The first split for NOR took place on May 28, 1997. This was a 2 for 1 split, meaning for each share of NOR 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. NOR's second split took place on August 26, 2015. This was a 1 for 7 reverse split, meaning for each 7 shares of NOR owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 285.714285714286 share position following the split.

When a company such as NOR 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 NOR 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 NOR split history from start to finish, an original position size of 1000 shares would have turned into 285.714285714286 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NOR shares, starting with a $10,000 purchase of NOR, presented on a split-history-adjusted basis factoring in the complete NOR split history. NOR split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/07/2010
End date: 11/27/2015
Start price/share: $46.13
End price/share: $0.76
Starting shares: 216.78
Ending shares: 291.44
Dividends reinvested/share: $18.41
Total return: -97.79%
Average Annual Total Return: -50.65%
Starting investment: $10,000.00
Ending investment: $221.53
Years: 5.39
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/07/2010
End date: 11/27/2015
Start price/share: $46.13
End price/share: $0.76
Dividends collected/share: $18.41
Total return: -58.44%
Average Annual Total Return: -15.02%
Starting investment: $10,000.00
Ending investment: $4,156.21
Years: 5.39
Date Ratio
05/28/19972 for 1
08/26/20151 for 7
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