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Sonic Corp. Message Board

  • cady77 cady77 May 12, 1998 4:30 PM Flag

    3 for 2 split

    assuming the split occurs at $32.25 what will be the split price. I eat a sonic all the time. this may be a great investment for me????

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    • Assuming 32.25 per share, with shareholders
      receiving 3 shares for every 2 they own, the stock will be
      valued at 22.166. Yesterday was the perfect time to buy,
      which I did. The split will help increase the float on
      the stock, which should make it trade slightly more
      than its 90,000 share average. Additionally, the
      company's integration of credit card machines should help
      them immensely, despite having to give a portion of
      their profits to the credit card companies. The
      incremental increase in revenue should easily be enough to
      offset the charges charged by the charge companies.
      Also, with gasoline at depressed levels right now and
      the summer driving season almost upon us while we
      experience a strong economy, the dynamics of the market are
      quite favorable for sonic. More consumers on the
      highway, with more money in their pockets, signals
      favorable opportunities for sonic. Just a few thoughts.
      Lets see some more good posts.

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