CDW Holdings

[GFG]

Hey Blue
Can I ask how did you send an email query?
The company website IR has no contact listed, just wondering where you got it from. I cant find anything on their website.

Also, I don't quite understand what do you mean by "parent company"
There's no parent company for CDW.
Unless you are referring to Mikuni Co., the largest shareholder.
That's the investment vehicle of the founder Yoshimi.
He's already stepped down 2 yrs back so its unlikely he'll consider privatising the company again.
(He needs it listed to monetize his holdings)

Thanks

GFG : At the bottom of the homepage there is a link "contact us" if you click it will provide a web-based form to fill in your details/contact and questions. I just gave them my real email and asked about the cash and unexpectedly got a reply email directly from management which was really nice.

Yeah I am referring to Mikuni Co. Not sure what you mean by needing to keep it listed to monetize holdings?? So long as Yoshimi still has controlling stake (as per AR13 deemed interest 52.03%), surely founder will be thinking of doing share buybacks to decrease float and delist if possible at a later stage?

This is after all a profitable company with a mountain of cash of which it doesn't seem to know how to use except for doing the occasionally stock buy back for their ESOS.

Assuming major shareholder is not interested to delist, the only other way they could access and "enjoy" the cash would be to give more dividends, which CDW has been quite good at giving these past years. Probably can expect more bonus dividends if they go down this path.

Being paid to wait for delisting/takeover/bonus div is a pretty good position to be in

- still v -

Ah now I see the link. Its incredibly tiny.
Thanks!
"Not sure what you mean by needing to keep it listed to monetize holdings" - I meant that usually retired management would be much less likely to delist the company, so that they can have a way to dispose their stake or reduce their stake when they want to. How else would they monetise their stake if its private
That's the whole idea of IPOs: for some its a way to get capital to grow, but surely for some it's an exit strategy to monetise their stake. (Although you'll never hear anyone saying that in the IPO prospectus!)