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Ditech Holding is a servicer and originator of mortgage loans. Co. services a range of loans across the credit spectrum for its own portfolio and for government sponsored enterprises, government agencies, third-party securitization trusts and other credit owners. Co.'s segments are: Servicing, which performs servicing for its mortgage loan portfolio and on behalf of third-party credit owners, performs subservicing for third-party owners, and operates complementary businesses including collections of post charge-off deficiency balances; and Originations, which originates and purchases mortgage loans through consumer originations, correspondent lending, and wholesale lending. According to our WAC split history records, WAC has had 2 splits.
WAC split history picture
WAC (WAC) has 2 splits in our WAC split history database. The first split for WAC took place on October 04, 1994. This was a 2 for 1 split, meaning for each share of WAC 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. WAC's second split took place on April 23, 2009. This was a 1 for 50 reverse split, meaning for each 50 shares of WAC owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 40 share position following the split.

When a company such as WAC 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 WAC 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 WAC split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WAC shares, starting with a $10,000 purchase of WAC, presented on a split-history-adjusted basis factoring in the complete WAC split history. WAC split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 04/15/2014
End date: 02/09/2018
Start price/share: $29.12
End price/share: $0.60
Dividends collected/share: $0.00
Total return: -97.94%
Average Annual Total Return: -63.76%
Starting investment: $10,000.00
Ending investment: $206.08
Years: 3.82
Date Ratio
10/04/19942 for 1
04/23/20091 for 50
WAC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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