
Don’t you love stock splits? You own one stock and all of a sudden, the company makes an announcement, and now you own two stocks. How awesome is that? Talk about a great bonus.
Well, it used to be that it was very easy to pick companies that were about to split. This is especially true with solid tech companies like Apple and Microsoft. You only need to buy Microsoft regardless of how expensive it was, and you can be assured that it would start splitting and multiplying like a rabbit. Well, those days are long past as far as Microsoft is concerned.
If you’re looking for a solid stock that is going to split on April 9, you might want to get in on Starbucks (NASDAQ:SBUX). The company announced on Wednesday that it’s going to be splitting its stock on a 2-for-1 ratio. This means that for every Starbucks share you own, you will get two Starbucks share.
This is sure to drive up the price of Starbucks, but it probably won’t appreciate too much that it would not make sense to buy the stock. Buy this stock now before April 9 so you can double your stock come April 9.
This is a very powerful stock to buy because this is the sixth time the company announced a 2-for-1 stock split since it went public in 1992. In terms of global growth, Starbucks has just been on steroids. This company is doing really well and is looking to do even better in the future. Of course, this company is aided by the fact that the price of coffee, like with most commodities, are declining. Regardless, if you’re looking for a long-term stock, this might be a good pick.