In search of black stocks.Q As an individual investor and an investor in an investment club, we are always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. majority black-owned companies that are trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ), American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ), or Nasdaq. Can you help me find them? --Phillip, BE Bulletin Board A There are several black-owned companies that trade on the public market. Currently, there are no African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. companies that are listed on the New York Stock Exchange, though. The first black-owned company listed on the Big Board was BET Holdings Inc., the parent of Black Entertainment Television. (The entertainment conglomerate went private in ]998,) Most African American publicly traded companies can be found on the Nasdaq, most notable are BE 100'S companies Radio One (Nasdaq: ROIA) and Granite Broadcasting (Nasdaq: GBTVK). In fact, you can read about these companies in the article "The Perils of Being Public" in this issue. To find the full listing of African American-owned public companies, which range from banks to dotcoms, you should click on to www.blackenterprise.com or order the BLACK ENTERPRISE Wealth Building Kit. Our Website and the kit not only provide a comprehensive listing complete with exchange artd ticker information, they provide you with a full list of black-owned mutual funds as well. However, conduct the same due diligence that you would engage in with any potential stock purchase. Make sure the company has a sound business model, top-notch management, and a consistent record of meeting revenue and earnings targets. --Derek T. Dingle Mail your finance questions to Ask B.E., BLACK ENTERPRISE, 130 Fifth Ave., New York, NY 10011, or send an e-mail to dingled@blackenterprise.com. |
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