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| Dividend and Exchange Traded Fund Stocks Open discussion of companies that distribute portions of their earnings to shareholders in the form of cash, stock or other means. Also, discussion of investment funds (ETF's and ETN's) traded on the stock exchanges. This forum is open to questions or anything related to the topics and does not require sticking to the normal SMC posting rules. |
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08-08-2007, 10:12 PM
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Sept Poster of the Month
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Join Date: Jul 2007
Location: Sheppard and Enoch Pratt Hospital, Adult Crisis Stabilization Unit, Baltimore, MD
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JBX - Jack in the Box OKs Stock Split
100% Stock dividend.
Quote:
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Tuesday its board approved a two-for-one stock split in the form of a special dividend, but said it will require stockholder approval.
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http://www.forbes.com/feeds/ap/2007/...ap3996446.html
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08-09-2007, 12:09 AM
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OTCBB Stock
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Join Date: Jul 2007
Posts: 103
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Re: JBX - Jack in the Box OKs Stock Split
wow...they took a real hit today on good earning. Defiantly worth watching but a stock split isn't really a dividend, is it? Won't they will double their float and your 2 shares will be worth half of what your 1 share was worth...
IF approved, the entry time would be right after the split... there will be a retraction if it plays out like I've seen other splits.
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08-09-2007, 12:41 AM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
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Re: JBX - Jack in the Box OKs Stock Split
Quote:
Originally Posted by Doc Holliday
wow...they took a real hit today on good earning. Defiantly worth watching but a stock split isn't really a dividend, is it? Won't they will double their float and your 2 shares will be worth half of what your 1 share was worth...
IF approved, the entry time would be right after the split... there will be a retraction if it plays out like I've seen other splits.
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Indeed. How can they call it a "dividend"? LOL
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08-09-2007, 09:16 PM
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Sept Poster of the Month
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Join Date: Jul 2007
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Re: JBX - Jack in the Box OKs Stock Split
Quote:
Originally Posted by BadThad
Indeed. How can they call it a "dividend"? LOL
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They should use the money to do a buy back. That will drive their price up more then splitting it.
From what I have read if you have a stock dividend it is taxed at the dividend rate instead of the capital gain rate when you sell it. The trick is you need to own it for 60 days prior to the ex date to qualify.
The company does not need to spend cash so it is up to the investor to decide weather to sell for cash or hold for L/T growth.
That's the way I understand it. I may have the tax thing wrong. I was a Finance major not Tax Accounting.
Anyway I thought it would qualify for this board.
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08-10-2007, 12:04 PM
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OTCBB Stock
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Join Date: Jul 2007
Posts: 103
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Re: JBX - Jack in the Box OKs Stock Split
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Anyway I thought it would qualify for this board.
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oh, yea, it most defiantly fits this board. I was questioning their reasoning and not your post 
and on second thought, I guess that when a company pays out a dividend, it's reduced from the share price, too, so it is just another way of paying out a dividend so why call it a stock split? Boy, I'm just full of questions, ain't I :D
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08-10-2007, 12:08 PM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 10,864
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Re: JBX - Jack in the Box OKs Stock Split
LOL! :D
Whatever you call it, the PPS will likely drop....just my WAG.
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Bottom Plays: RIG BP MCP
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
NObama 2012!
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08-10-2007, 10:11 PM
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Sept Poster of the Month
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Join Date: Jul 2007
Location: Sheppard and Enoch Pratt Hospital, Adult Crisis Stabilization Unit, Baltimore, MD
Posts: 1,144
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Re: JBX - Jack in the Box OKs Stock Split
Quote:
Originally Posted by BadThad
LOL! :D
Whatever you call it, the PPS will likely drop....just my WAG.
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I think that was some guy's idea of increasing the liquidity for their depressed share price. Make it cheaper.
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02-26-2008, 08:05 AM
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OTCBB Stock
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Join Date: Aug 2007
Posts: 125
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Re: JBX - Jack in the Box OKs Stock Split
Holding a Mar 30/27.50 bear call credit spread on JBX. Will cover the 27.50 (for a small loss) on the short side, and hold onto the 30 Calls today if it shows any strength at all.
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02-29-2008, 11:48 PM
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OTCBB Stock
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Join Date: Aug 2007
Posts: 125
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Re: JBX - Jack in the Box OKs Stock Split
 Took a loss on this as I covered my short only to watch it tank hard the next day. Guess I was shookzilla!
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