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Tag Archives: Public Companies

EastGroup makes ‘trustworthy’ list again

By LISA MONTI  EastGroup Properties Inc. of Jackson has once again earned a spot among Forbes Magazine’s 100 Most Trustworthy Companies in America. EastGroup, a self-administered equity real estate investment trust that focuses on industrial properties in major Sunbelt markets, also made the list in 2010 and 2012. The annual list is produced by MSCI ESG Research which screened more ...

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Cal-Maine Foods is country’s largest producer of eggs

Cal-Maine Foods, based in Jackson, is one of Mississippi’s leading business success stories. It began in 1957 when Fred Adams became involved with broiler and egg production and started Adam Enterprises. The 1969 merger with Dairy Fresh of California and Maine Egg Farm formed Cal-Maine with 14 locations. Since that time, Cal-Maine Foods has grown primarily through acquisition. Today, Cal-Maine ...

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Legislation, weak economy make it difficult for Mississippi companies to go public

The last Mississippi company to go public was The First Bancshares Inc. in 1996. Only four Mississippi-based companies have gone public since 1950. And since the 1990s, the number of public companies in Mississippi has dropped a significant amount. Experts say the reason more companies in Mississippi and elsewhere in the country aren’t going public is the Sarbanes-Oxley Act. “Sarbanes ...

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One trial down, at least one to go

In late June, a trial wrapped up in Hinds County Chancery Court in which Trustmark National Bank defended itself against allegations of mismanaging a trust account by doling out $1.7 million in improper payments to one of its beneficiaries. It’s one of three active cases the Mississippi Business Journal was able to confirm that featured Trustmark being accused of mismanaging ...

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Seeing the light at the end of the tunnel

Parkway stocks are trading at $19, up from a low of $9, a sign, it says, of better times to come Mississippi’s two publically-traded real estate companies, Parkway Properties and EastGroup Properties, can see the light at the end of the recession’s tunnel, executives at both companies say. “If you look at the meltdown that took place in Sept. 2008, ...

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