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 36 historical shares outstanding datapoints in our coverage of PATI's shares outstanding history.
Understanding the changing numbers of PATI shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like PATI versus peers —
is critical for investors. 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.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching PATI by allowing them to research PATI shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
