Public vs. Private — Wall Street Sways Fortunes

For some companies, it makes more fiscal sense to escape the public realm. Mickelberry Communications, parent company of Clifton, NJ-based Sandy Alexander, used to be listed on the NYSE. Since Mickelberry’s largest shareholder had controlling interest and the holding company’s businesses in the aggregate were relatively small, the stock was thinly traded. The cost of compliance to remain public was in excess of $1 million, recounts Roy Grossman, president and CEO.