Apple Stock Splits Two for One
The Stock Market mystifies and scares me. I don't know my Dow Jones from my leveraged buy outs, but I do know that is it good to get more stock for nothing. The Apple Board of Directors has approved a
two for one stock split increasing the amount of common stock from 900 million shares to 1.8 billion shares.
I have no idea what this means for Apple, but if you are holding Apple stock by the end of the business day February 18th you will be the proud owner of twice as much stock as you were the day before. Sounds good to me.
Found via Macminute.