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ARKANSAS. ENTREPRENEURS. ENTREPRENEUR A person who organizes and manages a business undertaking, assuming the risk for the sake of the profit (from the Webster’s New World Dictionary) Other characteristics of an Entrepreneur------- Determined, focused, visionary, workaholic, creative.
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ARKANSAS ENTREPRENEURS
ENTREPRENEUR A person who organizes and manages a business undertaking, assuming the risk for the sake of the profit (from the Webster’s New World Dictionary) Other characteristics of an Entrepreneur------- Determined, focused, visionary, workaholic, creative
Stephens, Inc. • Founded in 1933 by Witt Stephens • Sold school & highway bonds in the 30’s • Jack Stephens joined the firm in 1946 • Privately held company, no financial disclosure required • Took Wal-Mart public in 1970 • Assisted Tyson in the hostile take over of Holly Farms in 89 vs. ConAgra • One of the largest off Wall Street Investment Banking Companies in the country
WHAT IS THE ROLE OF THE INVESTMENT BANKING COMPANY IN THE MARKET MIDDLEMAN
Founding of J B Hunt • 1962 – pioneered the method of using rice hulls for poultry litter • 1969-started J B Hunt trucking with 5 trucks & 7 trailers • 1983-went public and listed on the NASDAQ • 2002 – operated 10,623 tractors and 45,759 trailers • 2006 – 4th largest trucker in US per Fortune magazine
Key Statistics • Corp. Headquarters – Lowell • Industry – Trucking • Employees – 15,850 • Financial Results as of 12/31/05 • Revenue 3 B, Net Income 207 m • Dividend – 32 cents/share • President – Kirk Thompson • Announce a 2:1 stock split – 4 /22/05
Founding of Murphy Oil • 1920’ – Oil discovered in S. Arkansas, Murphy, Sr. was a banker • 1946 – C. H. Murphy & Co. founded, oil & timber company • 1950 – became Murphy Corp. • 1956 – became a public co., listed on AMEX • 1961 – listed on the NYSE • 1996 - spun off Deltic Timber • 2005 - went from 255 to 193 on Fortune 500 List
Key Statistics • Corp. Headquarters – El Dorado • Industry – Oil & Gas Operations • Employees – 2,129 • Financial Results as of 12/31/05 Revenues 11 B, Net Income 846 m • Dividend – 45 cents/share • President – Claiborne Deming • Listed Standard & Poors 500 Index
Founding of Tyson Foods, Inc. • 1947- Tyson Feed & Hatchery incorporated • 1957 – co. built 1st processing plant • 1963 – co. went public, listed on the NYSE • 1989 – Tyson bought out Holly Farms • 1998 - bought out long time competitor-Hudson foods • 2001 – became world’s largest meat processor and marketer, with the acquisition of pork & beef giant, IBP, Inc.
Key Statistics • Corp. Headquarters – Springdale • Industry – Food Processing • Employees – 114,000 • Financial Results – fiscal year ended 10/05 Revenues 26 B Net Income 353 m • Dividend – 16 cents/share • President – Richard Bond • Listed Standard & Poors 500 Index
Founding of Wal-Mart • 1962 – 1st Wal-Mart opens in Rogers • 1969 – Company is incorporated as Wal-Mart Stores, Inc. • 1972 – Wal-Mart becomes publicly traded company on the NYSE • 1983 – 1st Sam’s Club opens-Midwest City, OK • 1997 – Wal-Mart replaced Woolworth on DJIA • 2005 – 4th time in a row heads Fortune 500 • 2006 – dropped from #1 to #2 on Fortune 500 replaced by Exxon Mobil
Key Statistics • Corp. Headquarters – Bentonville • Industry – Retail (Department & Discount) • Employees – 1,500,000 • Financial Results as of 01/31/06 • Revenues 315B Net Income 11 B • Dividend – 60 cents/share • President – H. Lee Scott • Largest private employer in US
the end Presented by the Arkansas Securities Department