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My dad's company just had their best year ever

My dad managed a privately owned trucking company, that began in one state, and grew to over 20 states with various locations within each state. The privately held stock was valued at $25.00 when the company began in 1965, and now it is worth over $400 per share.

He just got back from his board meeting in Chicago. The owner of the company sits on the board of Burlington Northern (bought out by Warren Buffett). The numbers showed that his company which is responsible for hauling chemicals across the United States had their best year in the history of the company. Like many other companies, they had their worst year in 2008, but they have surely recovered.

Comments

  • BTW, not writing this to boast, but I was suprised to hear that business in America is very good for them. I was sure the economy was
    still just puttin' along, but perhaps all this QE is putting money in the right places.
  • percybpercyb Posts: 3,324 ✭✭✭✭
    The chemical industry is red hot as your father's business attests.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭
    What does all of this have to do with precious metals? Is your dad going to share his windfall with you so you can buy more PM's?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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