HEICO Splits 5-for-4

This morning, shares of HEICO (HEI) split 5-for-4. This means that shareholders now have 25% more shares, and the price will drop about 20%.

HEICO closed Tuesday at $85.36 per share, so it will open around $68.29 today, give or take, depending on the market. Note also that our Buy Below price has dropped from $90 to $72 per share.

For track record purposes, I assume the Buy List starts the year as a $1 million portfolio that’s equally divided among the 25 stocks. For HEICO, that meant a position of 518.4705 shares at a starting price of $77.15 per share. With the split, that becomes 648.0881 shares starting at $61.72 per share.

Posted by on April 19th, 2017 at 9:11 am

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