September 22, 2005

Sports Resorts to buy shares

This report in the Flint Journal about a Flint-area development company named Sports Resorts International notes that the company wants to become privately-owned once again after being a public company listed on the NASDAQ index. Randy Paschke, chair of the Accounting Department at Wayne State , says he's not surprised that a small company wants to go private. Companies go public to gain access to additional capital, he pointed out. If that doesn't happen, a company begins to question whether the costs of being publicly traded justify the hoped-for benefits.

Subscribe to Today@Wayne

Direct to your inbox each week

Related articles