Anyone heard anything about a stock split?
Sentiment: Strong Buy
HD is at a near historical high. Last split was in 12/31/99. Looking at the long term growth and housing beginning to pick up, we will most likely see a split by year end.
Given the fact that the Board of Dir. has been spending billions over the
past six years repurchasing shares, a stock split is not likely.
Stock split is an accounting entry, $100 bill or five @20's, same amount of money.
Remember, when the stock splits, earnings as well as dividends are also split.
HD is a mature company that generates a lot of cash daily,
carries very little debt, debt that can be retired and have plenty
of cash leftover.
Would not surprize me since it is at an 52 week high. I suspect at their next quarterly earnings announcement they just might decide to do it and do a buyback as well. Coca Cola did it recently and I'm sure HD is on an similar schedule!