"YOU DO GET FREE SHARE YOU NITWIT. THE DAY BEFORE THE SPLIT YOU HAVE 100 SHARES THE DAY AFTER THE SPLIT YOU HAVE 200. THAT'S 100 FREE SHARES. GET A CLUE WILL YA?"
Yes, but each share is half the value before the split. If you pay transaction fees, you'll pay more to sell the split shares.
Share splits tend to appeal to the bargain basement investor who believe that if the price is low enough, it must be a great deal. This theory reminds me of my uncle Benny who searched the sidewalk for used cigar butts instead of buying dry, presmoked ones. He thought the price was right. I can't disagree if you don't care about the smoke.