Trucking company Schneider National pursues IPO

Depends on who owns the shares.

The Schneider Family may actually care some about its employees.

An investor (think Berkshire Hathaway) only pays attention to the P/L sheet. If they can pinch even more than SNI (after all its only an investment to them) they won't hesitate.

So yes an investor could and probably would squeeze every penny of profit from a dollar where as SNI may do it in nickel increments.

 

It's not that private companies care less about making money it's just they can take the long term view. One bad quarter or one bad announcement won't drop the company's valuation by 50%. Massive drops in a company's stock price can make credit hard to obtain under acceptable terms.

The larger worry is activist investors. As a closely held private company Schneider can control who owns stock and when/who it can be sold to. Look at JC Penny a few years ago. Activist investor gets passed at the board, publicly states he's dumping his shares, a massive sell off occurs and Jr Penny spent the next 6 months shoring up I t stock price instead of focusing on the core business.

What happens when Carl Ichan decides that SNI would be better off following a Cr England business model? The training department is already under too much "bottom line" pressure.

Wil there be massive, wholesale changes? Probably not, but the small insidious changes will generally hurt the driver.

 

it's official who has an exit strategy now?

 

where is the article?

 

It will be in the news tomorrow the 7th.

 

We're in another huge housing and stock market bubble again. Thinking about this matter further it seems pretty clear Schneider is trying to do a cash grab now while the markets are up. I don't think they're concerned about investor interests. The investors are the ones that are going to get nailed when the bubble bursts.

 

http://www.bizjournals.com/milwaukee/news/2016/10/07/schneider-national-to-seek-ipo-in-2017.html

Looks like it will happen in 2017.

 

Dang, guess you never know.

 

Just seeing this but at least once a week I get something in the mail from them.

 

I do.