3 Reasons to Buy Amazon Before Its Stock Split
Amazon (NASDAQ: AMZN) recently announced that it's planning a 20-for-1 stock split to finalize in early June. If shareholders approve the measure in May, the initiative will mark the company's first stock split since 1999. The company has also authorized a $10 billion share repurchase program, a strong indication it believes shares are currently undervalued -- and a move that will have the effect of boosting earnings per share by removing repurchased stock from the outstanding share count.
In extra excitement surrounding the stock and a split making shares more accessible for many investors, there are good reasons to buy Amazon stock before the split is carried out. Let's take a closer look at three reasons the tech giant's stock is worth buying right now.
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Source Fool.com
