$TOPS,,,WOW, If you invested $10,000 in this compa
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Posted On: 08/03/2017 10:50:07 AM
$TOPS,,,WOW, If you invested $10,000 in this company 10 years ago, you would have a penny today.
TOPS split history picture
TOP Ships (TOPS) has 5 splits in our TOPS split history database. The first split for TOPS took place on March 20, 2008. This was a 1 for 3 reverse split, meaning for each 3 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. TOPS's second split took place on April 21, 2014. This was a 1 for 7 reverse split, meaning for each 7 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 333.333333333333 share position pre-split, became a 47.6190476190476 share position following the split. TOPS's third split took place on February 22, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 47.6190476190476 share position pre-split, became a 4.76190476190476 share position following the split. TOPS's 4th split took place on May 11, 2017. This was a 1 for 20 reverse split, meaning for each 20 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 4.76190476190476 share position pre-split, became a 0.238095238095238 share position following the split. TOPS's 5th split took place on June 23, 2017. This was a 1 for 15 reverse split, meaning for each 15 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 0.238095238095238 share position pre-split, became a 0.0158730158730159 share position following the split.
When a company such as TOP Ships conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the TOPS split history from start to finish, an original position size of 1000 shares would have turned into 0.0158730158730159 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TOP Ships shares, starting with a $10,000 purchase of TOPS, presented on a split-history-adjusted basis factoring in the complete TOPS split history. TOPS split adjusted history picture
Growth of $10,000.00
Without Dividends Reinvested
TOPS split-adjusted CAGR
Start date: 08/03/2007
End date: 08/02/2017
Start price/share: $433,440.00
End price/share: $0.24
Dividends collected/share: $0.00
Total return: -100.00%
Average Annual Total Return: -76.30%
Starting investment: $10,000.00
Ending investment: $0.01
Years:
TOPS split history picture
TOP Ships (TOPS) has 5 splits in our TOPS split history database. The first split for TOPS took place on March 20, 2008. This was a 1 for 3 reverse split, meaning for each 3 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. TOPS's second split took place on April 21, 2014. This was a 1 for 7 reverse split, meaning for each 7 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 333.333333333333 share position pre-split, became a 47.6190476190476 share position following the split. TOPS's third split took place on February 22, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 47.6190476190476 share position pre-split, became a 4.76190476190476 share position following the split. TOPS's 4th split took place on May 11, 2017. This was a 1 for 20 reverse split, meaning for each 20 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 4.76190476190476 share position pre-split, became a 0.238095238095238 share position following the split. TOPS's 5th split took place on June 23, 2017. This was a 1 for 15 reverse split, meaning for each 15 shares of TOPS owned pre-split, the shareholder now owned 1 share. For example, a 0.238095238095238 share position pre-split, became a 0.0158730158730159 share position following the split.
When a company such as TOP Ships conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the TOPS split history from start to finish, an original position size of 1000 shares would have turned into 0.0158730158730159 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TOP Ships shares, starting with a $10,000 purchase of TOPS, presented on a split-history-adjusted basis factoring in the complete TOPS split history. TOPS split adjusted history picture
Growth of $10,000.00
Without Dividends Reinvested
TOPS split-adjusted CAGR
Start date: 08/03/2007
End date: 08/02/2017
Start price/share: $433,440.00
End price/share: $0.24
Dividends collected/share: $0.00
Total return: -100.00%
Average Annual Total Return: -76.30%
Starting investment: $10,000.00
Ending investment: $0.01
Years:
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'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
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