Originally Posted by
Sailor
For NK to go IPO, don't they need 8-9 qtrs showing profit ?
I think they had 4-5 so far, if they plan to go public, we are looking at sometime in 2011.
They need to show as many quarters that they feel comfortable showing before they go public. But here is what in my opinion, which isn't much, they are looking for to go public.
1. Contract Negotiated
2. 5+ quarters of profitability
3. Growth (plans for Growth)
4. Stability in the cost of fuel (Hedges) to try and insure that they will see at least 4-6 profitable quarters folowing the IPO.
Remember though. THE NUMBER ONE RULE for a sucessful IPO is to be showing future growth. Without it you are looking at a ugly mess.