A Couple of Stupid Questions

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popcornpicker

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Apr 3, 2007
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I was just wondering how the Buck Knife Co. is doing in the economic downturn and if this is a publicly traded company. A stock certificate would be a nice complement to any collection.
 
Can a "company" *have* public tradings??? Doesn't it have to be incorporated???

I don't know any answers...Just adding more questions... :)

( I think BKI *is* incorporated) ;)

Here's a Hoover's Profile link, worth a read...

Linky
 
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buck is not a publicly traded stock, never had been
once buck supervisers owned stock as a way to encurage production
the company bought back all stock owned by supervisers or outsiders
before the move from cal..
all former out standing stock is now owned by buck famley, but ...
there is the possability some is still owned by famley of orgional investers
this makes it impossable to have non famley directing the
future of the company or a buy out or take over
one other former company totaly famley owned like this was
coor's beer .... which is now publicly traded
that company grew to have a much larger market share then ever before after
going public...
 
The true value of Buck is not in a plant or any production....IT IS THE BUCK NAME!!!!!!!!!!!!! In Alanta last year I mentioned to Chuck My guess the the Buck company/name was worth 600,000,000.00 now I feel it might be more....
 
popcornpicker said:
A stock certificate would be a nice complement to any collection.
Click to expand...

That's a cool idea - I got a couple of very old Case Press Release type things around here, apparently sent to old hardware stores to announce new pattern runs, and old Schrade catalogs, too.

I have a couple of old Colt's stock certificates to go with my (Uberti) Colt 1860 Army (can't afford an original); some old original Ruger adverts as well, for my SBH, and a TON of old Winchester stuff.

Any other good Buck memorabilia out there?

thx - cpr
 
Well parts of some of the above about Buck is true...I hope that sounded diplomatic. :rolleyes:
Back in the early 1960's after Buck incorporated they sold shares to help raise revenue in order to take the company to the next level. The shares were sold to family, friends and aquaintences. I am pretty sure there were 2 stock offerings back then.
Buck never did a buy back of all stock. Over the years some shareholders have sold some or all of their stock. Most of it went back to the company and was retired.
Buck is privately held and, in fact, today is their annual shareholders meeting. What a coincidence! :)
 
That is some great information. Do you know when these offerings took place and what the price was? The stockholders meeting sounds like a family reunion. How many people attended this affair?
 
Keeping a business private when financially possible is almost always a good thing in my opinion.
 
well Joe that leads to this question ...
Has Buck ever consitered going public and issueing stock?

it is possable to issue fractional shares.. ?
like were you buy a part of an fancy estate and you get a "deed" of ownership of one sq inch of some huge fancy estate or historic location ...
but it is not a thing were you have any "control" at all
ya know one of thoes soveneer things?
kind of a cermonal thing were you jest get a paper that says you own some of it ...

this could even be one full non voteing share awared to the BCCI that is devided up amounst all the members!!
soooo that if the club gets to 2000 members you have a share of 1/2000
but it would jest say a " BCCI membership share" of owner ship as a life time member of the BCCI...
wow what cool member ship incentive !!Bcci coule even "sell fund raseing shares" of its one share!

i for one would love to have even a fractional sovenner share ...
jest so that i got a fancy paper saying i owned a tiny slice of my fav knife maker!!!
:D :D :D :D
 
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popcornpicker said:
That is some great information. Do you know when these offerings took place and what the price was? The stockholders meeting sounds like a family reunion. How many people attended this affair?
Click to expand...
yea great question ! inquireing mimes wanta know! :eek::D:p :D
 
I would be guessing at the years when the offerings took place but it was in the early 60's when we were growing faster than we could afford and needed additional working capital. The stock price was $10. Most of the original shareholder's are dead but the shares have been passed down to family members. The family owns about 70% right now and has no intention of getting bought or going public.

I can't believe the horror stories from public companies with all the new regulations. My cousin is a cfo for a public company and he says they spend upwards of $1 million a year on all the reporting and audits and such...for no value to the shareholder "in protection" of the shareholder...go figure
 
popcornpicker said:
That is some great information. Do you know when these offerings took place and what the price was? The stockholders meeting sounds like a family reunion. How many people attended this affair?
Click to expand...

(hee hee hee) you asked for it ! you got it!
were else can you ask a "personal" question like that and get an answer from the 'man' his self!
> thank you for the information CJ!
it answers questions that were a "i wander" thing...
and yes, now,i do recall being present in atlatna when some one else asked you if Buck had ever thought of going public and you replyed that there is a LOT of trouble and expense in going public now then there used to be..

and 'picker - if you want to see a fam pict get the dvd of
* BUCK Knives - a look in side...
one heck of a history lesson i tell ya!
and in there you will see most the "Board" out front waveing you in!
* avabile from the company store by the way..
btw :
CJ & Joe if i ever want to come out of retirement and go work again i will apply right there with you guys!
watching the dvd it was like OMG - i got all excited as
i know almost all of that equiptment !
it gave me a walk rite in get yo hands dirty and make it work feeling..
i have done full maintanice on 90% of the equiptment you have in your plant at
Ben Hogan Golf and the Fedders AC conpresser plant!!!
yea buddy when i get there its don safty glasses, steel toe boots 'cause
I got'a have some Real Coffee and with talk shop the maintance guys!!
hee hee hee- i almost want to send a resume to see if they would want me!
 
CJ Buck said:
.... My cousin is a cfo for a public company and he says they spend upwards of $1 million a year on all the reporting and audits and such...for no value to the shareholder "in protection" of the shareholder...go figure
Click to expand...


Yep, Enron would be a good example of that. :mad:
 
Point taken with Enron...however I still think it is a mistake to legislate by exception.

Sarbaines Oxley regulations ensure that everyone loses to protect a few from losing huge...in any case I choose not to submit my company to all that non-value-added cost. I would rather invest in new equipment, higher caliber people and better materials...
 
During one of my first classes in my post-secondary teaching career, Gerald Ford was Prez, I told a class that there were no stupid questions. In the next twenty-plus years of college teaching, that axiom was repeatedly proven to be false. Believe me, there are some stupid questions...

I do have quite a bit of Buck stock... some in 'folders', while the remainder are of 'fixed' interest. It's really quite a sharp collection - with some actually utilized recently in the 'nick of Thyme'. Gotta go... my meds are here.

Stainz
 
I work for a publicly traded company worth billions of dollars. Historically, my employer has held it's employees in the highest regard with respect to employment, and value to it's employees. However, over time, the value to the employee has faded, and now it is all about value to the shareholder. Value to the shareholder at the expense of the employees. We (the company) have even been sued by a group of Californian shareholders, because the company was not providing enough value. Seems counterproductive. It's a sad situation. It would be nice to work for a privately held company that provides value to the employee. When a company goes public, it loses its identity.
 
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