Oil-Dri Corp of America is engaged in developing, manufacturing and/or marketing sorbent products. Co.'s sorbent products are produced from hydrated aluminosilicate minerals, consisting of calcium bentonite, attapulgite and diatomaceous shale, which it refers to collectively as its clay, its minerals, or Fuller's Earth. Co. surfaces mine its clay on leased or owned land near its manufacturing facilities in Mississippi, Georgia, Illinois and California. Co. produces both absorbent and adsorbent products from its clay. Co. also sells nonclay-based products, such as its Oil-Dri synthetic sorbents used for automotive, industrial and marine cleanup as well as plastic cat litter box liners. We show 56 historical shares outstanding datapoints in our ODC shares outstanding history coverage, used to compute ODC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ODC market cap history over the course of time is important for investors
interested in comparing ODC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ODC versus a peer is one thing; comparing
ODC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ODC can fluctuate over the course of history.
With this page we aim to empower investors researching ODC by allowing them to research the ODC market cap history. |
Free ODC Email Alerts:
Video: The Importance of Market Cap
