Oklahoma City-LSB Industries Inc. said Oct. 14 that it has filed an application to list its common stock on the New York Stock Exchange and expects to begin trading on NYSE Oct. 28, 2008, under the symbol LXU. Until that time, shares will continue to trade on the NYSE Alternext US: LXU, the successor to the AMEX. “We are pleased to be making the move to the Big Board,” said Jack Golsen, LSB chairman and CEO. “We believe that our listing on the NYSE will broaden the visibility of the company.” On Oct. 15, LSB announced that it had been named one of “America’s 200 Best Small Companies” by Forbes magazine, ranking #27. To make the list, companies must have sales between $5-$750 million and a stock price of $5.00 as of Sept. 29, 2008. The ranking is based on return on equity, sales growth, and profit growth over the past 12 months, as well as over the past 5 years. Forbes also compared the candidates’ stock performance with that of their industry peers. The entire list appears in the Oct. 27, 2008 issue of Forbes.
Transparency Across the Fertilizer Value-Chain