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Accounting - Stock splits

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Stock splits and reverse splits are often a reflection of the economic times we live in. Could you find a recent real life example of a stock split or reverse split announced by a company?

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Solution Summary

This is an example of an actual company performing a reverse split and how it eventually played out within the financial market place.

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Approximately a year to a year and a half ago a company named Boart Longyear went through this process. This firm is a mining company, based in Australia, with United States headquarters in Salt Lake City, Utah. When the stock market tanked in 2008 - 2009, their stock retreated from approximately $2.50/share to $.045/share. As time went by, the shares increased in value to approximately $.40/share.

The company then decided to re-structure their financing, entering into a contract to increase their debt, while at the same time working toward increasing stock share prices, which were decidedly lower in relation to their overall ...

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