Enterprise will go public

[Last Word]

Originally Posted by Unregistered

Its fun making statements without thinking them through. This may have been the case before this aquisition came about, but it would only make sense going forward. As ERAC gets larger they try to keep that "small family business model" mentality, but lets face facts it cant keep the same business model that it had 20 years ago. The company is growing and holding on to old philisophies is only going to hurt them down the line.

Guys, assuming this acquisition even goes through, it would only represent about a 10% growth for the company across the board. We've done that in the past with our eyes closed. In addition, Vanguard has it's own lenders and debt....no need to go public at this point in the game.

[batserve]

It certainly doesn't appear that there is a need to go public. By all accounts, Enterprise has no problem with obtaining financing on a massive scale. They will likely just assume the debt in place at Vanguard. I think it is safe to assume that Enterprise enjoys a much better debt rating, so the old Vanguard debt would likely be replaced in time with something more favorable. I don't really think the normal motivations for going public such as raising capital, market timing, etc. necessarily would dictate the directions of this company. Being privately owned by a family that is likely set for generations, I would imagine that tax and estate considerations play the largest role, followed by personal motivations. If that is the case, it would be difficult to predict which way they will go on this issue.

[Tim O' Tei]

Originally Posted by Unregistered

Andy Taylor will retire and apparently plans are in the works for another Taylor to take the reigns.

How many shares will the Taylors retain?

[quote=Tim O' Tei;93874]

Originally Posted by Unregistered

Andy Taylor will retire and apparently plans are in the works for another Taylor to take the reigns.
QUOTE]

How many shares will the Taylors retain?

how is a private company split into shares?
i didn't think they did that

[Tim O' Tei]

[quote=Sir Douglass Haig;93876]

Originally Posted by Tim O' Tei

how is a private company split into shares?
i didn't think they did that

They will if they float. The Taylors would presumably retain a controlling share.

Given ERAc's track record in the accounts department - certainly in the UK - I cannot see this happening until ERAC pays market value for accountants. I don't believe there are many (if any) qualified accountants in the UK arm, not that this is illegal.

If the company decides to float it would be a strong recommendation that they take on qualified (not qualified by experience) accountants and Financial Managers/Directors/Officers.

SarbOx, USGaap and UKGaap requirements are unlikely to be met given the structure of the company. However, if it does float it could well mean that given the 'unique' practices inherent from the ground up in ERAC that the Taylors are liable to prosecution and imprisonment a la Enron. I can't see Andy wanting to open himself up to that possibility.

[quote=Tim O' Tei;93879]

Originally Posted by Sir Douglass Haig

They will if they float. The Taylors would presumably retain a controlling share.

Given ERAc's track record in the accounts department - certainly in the UK - I cannot see this happening until ERAC pays market value for accountants. I don't believe there are many (if any) qualified accountants in the UK arm, not that this is illegal.

If the company decides to float it would be a strong recommendation that they take on qualified (not qualified by experience) accountants and Financial Managers/Directors/Officers.

SarbOx, USGaap and UKGaap requirements are unlikely to be met given the structure of the company. However, if it does float it could well mean that given the 'unique' practices inherent from the ground up in ERAC that the Taylors are liable to prosecution and imprisonment a la Enron. I can't see Andy wanting to open himself up to that possibility.

but andy isn't gonna be around forever.
how does such a large company as ERAC promote the head position strictly on nepotism (sp)?
this cannot be the best way for a company to be run
and your "float" shit, is that euro stuff?
never heard that stateside

[Tim O' Tei]

[quote=Robert Graves;93880]

Originally Posted by Tim O' Tei

but andy isn't gonna be around forever.
how does such a large company as ERAC promote the head position strictly on nepotism (sp)?
this cannot be the best way for a company to be run
and your "float" shit, is that euro stuff?
never heard that stateside

In this context 'float' means sell shares on the stock exchange. Andy won't be around forever hence grooming his daughters to take over.


Loved I Claudius.

You really think ERAC will go public following on the heels of the Hertz IPO buyout debacle and the drama that's going on over there? 1500+ people getting laid off in a massive restructuring, private equity partners taking on millions of dollars in debt to line their fat wallets, and then brining a weakened Hertz back to market saddled with debt for a new IPO that nobody wants to buy? This would be a terrible time for ERAC to go public.

[quote=Tim O' Tei;93881]

Originally Posted by Robert Graves

Loved I Claudius.

is this a reference to robert graves? explain

[Tim O' Tei]

Sieggy, I'm suprised at you.

Robert Graves wrote 'I, Claudius'.