Patriot Transportation Holding is a tank truck carrier. Co.'s business, conducted through its subsidiary, Florida Rock & Tank Lines, Inc., consists of hauling petroleum related products, dry bulk commodities and liquids. Co. operates terminals in Florida, Georgia, Alabama, and Tennessee. Co.'s main business consists of hauling liquid petroleum products (mostly gas and diesel fuel) from fuel storage facilities to its customers' retail outlets where it off-loads the product into its customers' fuel storage tanks for sale to the retail consumer. Co.'s business also consists of hauling dry bulk commodities such as cement, lime and various industrial powder products, water and liquid chemicals. We show 31 historical shares outstanding datapoints in our PATI shares outstanding history coverage, used to compute PATI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PATI market cap history over the course of time is important for investors
interested in comparing PATI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PATI versus a peer is one thing; comparing
PATI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PATI can fluctuate over the course of history.
With this page we aim to empower investors researching PATI by allowing them to research the PATI market cap history. |
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Video: The Importance of Market Cap
