Intuitive Surgical (ISRG) announces 3:1 split

Intuitive Surgical announces Board approval of 3:1 split; to begin trading split-adjusted on Oct. 5

Implementation of the stock split is subject to stockholder approval of the Amendment to the Certificate of Incorporation at the Special Meeting of Stockholders, which is currently scheduled to take place on September 20. Subject to stockholder approval of the Amendment to the Certificate of Incorporation, each Intuitive stockholder of record at the close of business on the record date of September 27, will receive two additional shares for every one share held on the record date, and trading is expected to begin on a split-adjusted basis on October 5.   ** 11 months later **

=RAD : 1 to 20 reverse stock split

• Reverse stock split on a one to 20 basis. 
• This will take the total amount of outstanding shares of RAD stock down from 1.08 billion to 54 million. 
• The change goes into effect on April 22, 2019.

DDR — is it a buy? (options trade)

• Apr. 27:  Is DDR a buy  (May calls)?

  

• Answer:  NO
• One-for-two reverse stock split on May 21, 2018.

-=Herbalife plans name change, stock split, more share repurchases; Ackman exits bet against company

The share price of Herbalife Ltd. jumped to an all-time high in trading Wednesday in reaction to the company’s proposals of conducting a 2-for-1 split of its stock and expanding its share purchase program by $450 million to $650 million.

The company also plans to change its corporate name to Herbalife Nutrition Ltd., “reflecting the company’s growing leadership and expertise in the field of nutrition.” Herbalife Nutrition has been used recently as a brand for its products.

Also on Wednesday, billionaire hedge-fund activist Bill Ackman told cable business news CNBC that he had ended his $1 billion bet against Herbalife that began on Dec. 19, 2012.

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Arguing that the company was a pyramid scheme, with an intrinsic value of zero, Ackman entered into a short position worth $1 billion in 2012. The trade has been chronicled at length by almost every financial news outlet even to this day and was famous for an on-air argument between Ackman and Carl Icahn on CNBC, who amongst other major hedge fund players had taken a long position in the stock. In the weeks following his short position, Ackman saw Herbalife's shares plunge around 60 percent, but the company has proven remarkably resilient, and has rebounded to its pre-short levels, thus costing Ackman millions in borrowing fees, and paper losses. As of February 28, 2018, Ackman has reportedly exited his entire short bet on Herbalife.

Bitcoin Investment Trust (GBTC): Grayscale declared 91-for-1 stock split

Bitcoin Investment Trust: Grayscale declared 91-for-1 stock split of the Trust's issued and outstanding shares 
Grayscale Investments, the sponsor of the Bitcoin Investment Trust, declared a 91-for-1 stock split of the Trust's issued and outstanding shares. With the split, shareholders of record on January 22, 2018 will receive 90 additional shares of the Trust for each share held. The stock split will be effected on January 26, 2018 to shareholders of record as of the close of business on January 22, 2018.

=Intercontinental Exchange (ICE) reported earnings Wed 3 Aug 2016 (b/o)

IntercontinentalExchange beats by $0.06, reports revs in-line; approved pursuing a 5-for-1 stock split, new $1 billion share repurchase program  :

• Reports Q2 (Jun) earnings of $3.43 per share, $0.06 better than the Capital IQ Consensus of $3.37; revenues rose 41.7% year/year to $1.13 bln vs the $1.12 bln Capital IQ Consensus.
• Guidance:
  • Sees 2016 Data Services Revenue +6-7% y/y on a pro forma basis, 2016 Operating Expenses $1.94-$1.97 billion.
  • Sees 3Q16 Operating Expenses $485-$495 million.
• Board approved pursuing a 5-for-1 stock split to enhance trading efficiency and accessibility for all shareholders as well as a new $1 billion share repurchase program that supports our ability to consider additional capital returns to our shareholders."

=NIKE (NKE) reported earnings on Tue 22 Dec 2015 (a/h)

NIKE beats by $0.04, misses on revs; futures orders +20% in costant currency, above estimates :

• Reports Q2 (Nov) earnings of $0.90 per share, $0.04 better than the Capital IQ Consensus of $0.86; revenues rose 4.1% year/year to $7.69 bln vs the $7.81 bln Capital IQ Consensus. 
• Revenues for the NIKE Brand were $7.3 billion, up 13 percent on a currency neutral basis, driven by double-digit growth in every geography and most key categories.
• Revenues for Converse were $398 million, down 5 percent on a currency neutral basis, as strong growth in North America was more than offset by a decline in Europe. CHina rev +24%, NA +9%

Nike (NKE) beat earnings estimates on below-consensus revenue and its stock surged to a fresh all-time high at the open, but that was followed by daylong selling that left the Dow component lower by 2.4% when the closing bell rang.



Note on 12/24/15:

NIKE post-split reminder: Shares to begin trading post 2:1 split this morning :

• Co announced on November 19 a forward 2:1 stock split
  • Approved a two-for-one split of both NIKE's Class A and Class B Common shares. The split will be in the form of a 100% stock dividend payable on Dec 23, 2015 to shareholders of record at the close Dec 9, 2015.
• The close last night was $128.71, shares are indicated near $64.45 in premarket action

JDS Uniphase (JDSU) Post-Bubble Plunge Leads to Split

 JDS Uniphase Corp.’s plan to break in two is designed to lift the value of a company that never recovered from the bursting of a 1990s bubble in Internet-related stocks.

 

The producer of fiber-optic components and networking equipment began as Uniphase Corp. and changed its name after buying JDS Fitel Inc. for $7.05 billion of stock in July 1999.

 

stock performance of JDS Uniphase since its initial public offering in November 1993.

Shares of JDS Uniphase jumped more than 600-fold from the IPO price through March 2000, when they peaked with the Nasdaq Composite Index, and plunged during the subsequent bear market. Although the Nasdaq closed yesterday within 10 percent of its record, the comparable gap for the Milpitas, California-based company’s stock was 99 percent.

Splitting the optical and networking units into separate, publicly traded companies, which JDS Uniphase proposed two days ago, may do relatively little to narrow the stock’s differential if analyst projections are any guide.

JDS Uniphase has “long-term potential” to reach $40 a share, Mark Sue, an analyst at RBC Capital Markets, wrote in a report yesterday. Sue increased his 12-month price estimate for the stock by 64 percent to $18, the highest among 14 analysts in a Bloomberg survey. The New York-based analyst also lifted his rating to the equivalent of buy from hold.

Even if JDS Uniphase advances to $40, the shares would be 97 percent below their peak. They changed hands for as much as $1,227.375 after adjusting for a 1-for-8 reverse stock split, completed in October 2006.