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March 14, 2016
I don't know how big a company Fernco is. It's a privately held company.
That's why you never hear a word about privately held companies on the business pages. Today's average business plan is to borrow money in increasingly gargantuan tranches without ever even trying to turn a profit, and then selling out to Marissa Mayer for a billion dollars before you run out of Ramen noodles and she runs out of board members who think she's cute. Then you read about it on Marketwatch on your Speak N Spell. Whoops, I meant iPad. Sippican Cottage: It's Funny, But 'Increasingly Gargantuan Tranches' Is the Name of My Ellery Bop Tribute Band. But I Digress
Posted by gerardvanderleun at March 14, 2016 12:08 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
I went back and read the fountain of excrement posts from the first one. Sip remains a really enjoyable writer. Quite funny stuff. And many wanderings somewhat off topic to explain, clarify, and illustrate stuff.
A very enjoyable site.
Posted by: OldFert ![[TypeKey Profile Page]](http://americandigest.org/sidelines/nav-commenters.gif)
at March 14, 2016 7:19 PM
Beg to differ with Mr. Sip, whose writing I much enjoy, but privately-held companies aren't weird at all. In fact, they're far more common than companies that trade their shares publicly, from the small manufacturing concern up the road, to corporate giants like Cargill (agribusiness) with over 150,000 employees and revenues of $120 billion. Not as much government bureaucracy (but I repeat myself) to put up with, since the SEC concerns itself with "issuers", or publicly-traded companies, and the shareholders are likely to be people you know, often family. While I wouldn't necessarily want certain members of my family involved in running my company, there are still lots of advantages to staying private.
Posted by: waltj at March 15, 2016 9:29 PM