ENTREPRENEUR

A person who organizes and manages a business undertaking, assuming the risk for the sake of the profit

(from the Webster’s New World Dictionary)

Other characteristics of an Entrepreneur-------

Determined, focused, visionary, workaholic, creative

Stephens Inc.

Stephens, Inc.

• Founded in 1933 by Witt Stephens• Sold school & highway bonds in the 30’s• Jack Stephens joined the firm in 1946• Privately held company, no financial disclosure

required• Took Wal-Mart public in 1970• Assisted Tyson in the hostile take over of Holly

Farms in 89 vs. ConAgra• One of the largest off Wall Street Investment

Banking Companies in the country

WHAT IS THE ROLE OF THE INVESTMENT BANKING COMPANY IN THE MARKET

MIDDLEMAN

Founding of J B Hunt• 1962 – pioneered the method of using rice

hulls for poultry litter• 1969-started J B Hunt trucking with 5

trucks & 7 trailers• 1983-went public and listed on the

NASDAQ• 2002 – operated 10,623 tractors and 45,759

trailers• 2006 – 4th largest trucker in US per Fortune

magazine

Key Statistics• Corp. Headquarters – Lowell• Industry – Trucking• Employees – 15,850• Financial Results as of 12/31/05• Revenue 3 B, Net Income 207 m• Dividend – 32 cents/share• President – Kirk Thompson• Announce a 2:1 stock split – 4 /22/05

Founding of Murphy Oil

• 1920’ – Oil discovered in S. Arkansas, Murphy, Sr. was a banker

• 1946 – C. H. Murphy & Co. founded, oil & timber company

• 1950 – became Murphy Corp.• 1956 – became a public co., listed on AMEX• 1961 – listed on the NYSE• 1996 - spun off Deltic Timber• 2005 - went from 255 to 193 on Fortune 500 List

Key Statistics • Corp. Headquarters – El Dorado• Industry – Oil & Gas Operations• Employees – 2,129• Financial Results as of 12/31/05 Revenues 11 B, Net Income 846 m• Dividend – 45 cents/share• President – Claiborne Deming• Listed Standard & Poors 500 Index

Founding of Tyson Foods, Inc.

• 1947- Tyson Feed & Hatchery incorporated• 1957 – co. built 1st processing plant• 1963 – co. went public, listed on the NYSE• 1989 – Tyson bought out Holly Farms• 1998 - bought out long time competitor-Hudson

foods• 2001 – became world’s largest meat processor and

marketer, with the acquisition of pork & beef giant, IBP, Inc.

Key Statistics• Corp. Headquarters – Springdale

• Industry – Food Processing

• Employees – 114,000

• Financial Results – fiscal year ended 10/05

Revenues 26 B Net Income 353 m

• Dividend – 16 cents/share

• President – Richard Bond

• Listed Standard & Poors 500 Index

Founding of Wal-Mart• 1962 – 1st Wal-Mart opens in Rogers• 1969 – Company is incorporated as Wal-Mart

Stores, Inc.• 1972 – Wal-Mart becomes publicly traded

company on the NYSE• 1983 – 1st Sam’s Club opens-Midwest City, OK• 1997 – Wal-Mart replaced Woolworth on DJIA• 2005 – 4th time in a row heads Fortune 500• 2006 – dropped from #1 to #2 on Fortune 500 replaced by Exxon Mobil

Key Statistics

• Corp. Headquarters – Bentonville• Industry – Retail (Department & Discount)• Employees – 1,500,000• Financial Results as of 01/31/06• Revenues 315B Net Income 11 B• Dividend – 60 cents/share• President – H. Lee Scott• Largest private employer in US

Presented by the Arkansas Securities Department