The declaration of a 3:2 split and the announcement of being included in the S&P 600 Mid Cap, all in the same week. Wow!!
Add that to how good the 2Q numbers are going to come in, and it will be squeeze-squeeze-squeeze time!!
..........
Thursday June 10, 7:30 am Eastern Time
Company Press Release
SOURCE: Labor Ready Inc.
Labor Ready Announces 3-for-2 Stock Split Fifth Split in Five Years
TACOMA, Wash., June 10 /PRNewswire/ -- Labor Ready, Inc. (NYSE: LRW - news) the nation's leading provider of temporary manual labor, today announced that its Board of Directors approved a 3-for-2 stock split for common and preferred shares.
Glenn Welstad, Chairman and CEO said, ''We are pleased with the Board's decision and feel this split will make Labor Ready stock more accessible to potential investors. This is the fifth 3-for-2 stock split we've had in the past five years which we believe is a good indication of the success of the business and the demand for our stock.''
The Company, which currently operates over 680 offices, said it will have approximately 43 million common shares outstanding after the stock split, which will be effective for shareholders of record June 24, 1999 and payable on July 12, 1999.
Based in Tacoma, WA Labor Ready operates offices in 46 states, Puerto Rico, Canada and the United Kingdom. |
