Do you think Logos will ever go public on the stock market?. That is one IPO I would love to buy. The best company with the greatest product that will never lose its relevance!
I appreciate the vote of confidence, but we have no plans to go public. Not only is it expensive (with annual reporting and compliance costs), it's very burdensome with all the new regulations. And once you're public you can't always avoid being bought by somebody you don't want to be owned by. Moreover, we enjoy the freedom to not worry about quarterly (or even annual) earnings, and to be able to make long-term investments in content and code that benefit our users even if they won't be profitable for years.
Right now the plan is to stay private and under the same leadership for a long time into the future.
-- Bob
[Y][8-|][Y]
Great to hear! [Y]
[Y]
Right now the plan is to stay private
That's good news. Inasmuch as I am thankful to God for Common Grace provided through doctors, coworkers, etc, who are unbelievers, yet who are honest and diligent, I would dread seeing another great Christian institution bought-out by a publishing conglomerate owned and operated by unbelievers.
I appreciate the vote of confidence, but we have no plans to go public. Not only is it expensive (with annual reporting and compliance costs), it's very burdensome with all the new regulations. And once you're public you can't always avoid being bought by somebody you don't want to be owned by. Moreover, we enjoy the freedom to not worry about quarterly (or even annual) earnings, and to be able to make long-term investments in content and code that benefit our users even if they won't be profitable for years. Right now the plan is to stay private and under the same leadership for a long time into the future. -- Bob
[Y][Y]
I can't think of anyone else I would rather have running Logos.
Absolutely Bob, and also with public ownership comes public demand and a pressure to satisfy the stock owners, i.e. "he who pays the piper calls the tune". So why bother?
Upon further review, I would like to rephrase the above.. Do you think the most wonderful company on earth would ever be so STUPID as to go on the stock market? Answer "μὴ γένοιτο."
Amen (Used byIndependent Fundamental Baptists [IFB] as a substitute for applause, or to express approval [:D])
Amen (Used byIndependent Fundamental Baptists [IFB] as a substitute for applause, or to express approval )
Thanks for the interpretation Jack. Is that a verbal amen or a silent one. [;)]
Do you think the most wonderful company on earth would ever be so STUPID as to go on the stock market?
Do not be so harsh in your judgement. If you research the history of Logos you will discover there was a public offering of stock that did not go so well. Bob Pritchett wisely recaptured the company.
*Corrected*
Do you think the most wonderful company on earth would ever be so STUPID as to go on the stock market? Do not be so harsh in your judgement. If you research the history of Logos you will discover there was a public offering of stock that did not go so well. Bob Pritchett wisely recaptured the company.
They considered it but never completed the public offering.
They have had private ownership of company stock from the beginning. I was one of the early investors, perhaps the first outside of the Pritchett family. I held onto my stock for 20+ years until earlier this year when I sold it back to the company due to complications in my taxes from living in Canada. I would have loved to have kept it, as Logos is continuing to do well financially and grow, but it was costing me too much each year in taxes for some unknown future sale. Since I could never hope that the company would go public, allowing me to sell my shares on the open market in the future, I opted for this exit point.
