Transcript 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.
Stephens, Inc.
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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
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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
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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.
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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
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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
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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
Presented by the Arkansas Securities Department