Sunday, January 21, 2001
BJS - BJ Services Company $69.56 (-2.13)
BJ supplies oil companies with the equipment and supplies they need to get oil out of the ground. Its last split was in December of 1997 at $68.88. BJ is back in split range so we are projecting a 3:2 split announcement to accompany BJ's earnings release on January 23rd.
CPS - ChoicePoint, Inc. $55.00 (-0.63)
With its last split announcement at $62.88 coming in October of 1999, CPS has once again returned to likely split-levels. We are anticipating that it will announce a 2:1 split on January 24th, its next earnings release.
WWY - William Wrigley Jr. Co. $87.00 (-1.00)
Though the chewing gum maker's bubble has recently deflated a bit, the stock is still well above historical split-levels of $75. It announces earnings on January 24th and we feel this would be a likely trigger event for a 2:1 stock split announcement.
ACS - Affiliated Computer Services $58.38 (-3.50)
ACS has not split since 1996, when it announced at the $60 level. The IT provider has been basing in the $60 range since the first of December and was up over 60% for the year 2000. Its earnings will be released on January 24th, which would be a dandy time for them to reward shareholders with a 2:1 split. The company has 500 million shares authorized and only 50 million issued.
ACV - Alberto-Culver Company $38.50 (-0.13)
ACV has enacted four splits in its history, going all the way back to 1985. It has traditionally split at the $40 level and has usually chosen a BoD meeting as the venue to announce a split. Since ACV does not have a Board of Directors meeting on the horizon, we are targeting its earnings release date of January 25th as the next likely split announcement date. We are expecting a 3:2 split.
COLM - Columbia Sportswear Co. $49.25 (-1.31)
Though Columbia has never announced a split, we feel its current price level justifies a split. Backing this up is that most of its competitors have split in this range as well. COLM has a BoD meeting on January 25th, a great time to ask for approval of a 2:1 stock split.
D - Dominion Resources $60.56 (+2.31)
This utility holding company has powered higher this year on the heels of a colder winter and increased usage by its customers. The stock has split once before at the $55 level back in 1992, so its about time Dominion lit up its stock with another 2:1 split. Its earnings are due out on January 26th, which is our target for a split announcement. The company currently doesn't have enough authorized shares, but it can ask for a vote to increase shares in order to enact the split.