Cox Wants Out Of Wall Street Scrutiny

from the leave-us-alone... dept

It appears that cable company Cox Communications is sick of all the pressures of being a public company. Believing that the short term pressures of Wall Street are holding back their ability to aggressively take on the competition, the company is trying to buy out public shareholders and take the company private. This does come right after what was labeled a “disappointing” quarter, so it appears that the family that controls Cox simply is fed up with having to worry about such things every few months.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Cox Wants Out Of Wall Street Scrutiny”

Subscribe: RSS Leave a comment
Anonymous Coward says:

No Subject Given

Smart move on their part if they can pull it off. It’s a huge pain in the ass being a publicly traded company compared to being a private one. That pain is also measurable in Cash as a public company is subject to many more regs which cost to document and maintain.

There has been a small number of talking heads on the Business channels suggesting that a number of public companies may be taken private simply because of the cost of Sarbanes-Oxley compliance.

Too much Government == Bad business.

Anonymous Coward says:

back in the bottle

You think it’s hard to take a company to IPO?

Well, you don’t understand just how hard it can be to take a public company private. Go ahead, I dare anyone to name any company in the last 5 years that have gone private after being public for more than 3 years (penny stocks not included).

It just isn’t done. Why? Because the company actually has to face up to that 50 times earning inflation that the stock market factos in.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...