This Potential Stock-Split Stock Could Make You Rich
What's the next stock split that could make you rich? It might just be Costco Wholesale (NASDAQ: COST).
Costco has made lots of investors a lot of money, and it still has plenty of growth potential. However, I'd suggest not focusing on any potential or actual stock splits, as they're generally nothing burgers for investors.
Here's why: Imagine that you own 10 shares of Costco, which recently traded around $960 per share. The total value of your shares is therefore $9,600. Nice. Now let's imagine that Costco announces a 4-for-1 stock split. (It has split its stock three times in its history: 2-for-1 in 1991, 3-for-2 in 1992, and 2-for-1 in 2000.)
Source Fool.com
