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Top Black-Owned Publicly Traded Companies – Urban One

Cathy Hughes

Cathy Hughes still talks on the radio and has plenty to say.

 

Urban One

Urban One, formerly known as Radio One, is an African-American media conglomerate. The company operates under multiple brands, divisions, and subsidiaries including TV ONE, Interactive One, Reach Media, and Community Connect. 

Affiliated brands include The Urban Daily, Hello Beautiful, Tom Joyner Morning Show, BlackPlanet, MiGente, AsianAvenue, The Rickey Smiley Show, R&B Divas, Hollywood Divas, BlackDoctor.org, CassiusLife.com, NewsOne, The Manns and more. Urban One also operates over 50 radio stations in major markets all over the United States.

Big-name personalities associated with Urban one are Roland Martin, Al Sharpton, Tom Joyner, Russell Simmons, DL Hughley, Bishop T.D. Jakes, Rickey Smiley, and most importantly founder Cathy Hughes. 

In order to understand how Urban One was founded its important to understand who Cathy Hughes is and where she came from. Cathy is one of the most important people in the American music and media industry ever and is an excellent role model for women who want ownership.

Hughes revolutionized radio by collaborating with Melvin Lindsey and Jack Shuler to create the ‘Quiet Storm’ genre of music in the 70’s. Cathy was the Vice President and General Manager of WHUR-FM, Howard University’s exclusive radio station, when they debuted the ‘Quiet Storm’ radio format. Her career took off from there and, although she faced some obstacles, she became a powerhouse.

Fast-forward to 1997 when Cathy Hughes appointed her son Alfred C. Liggins III as CEO of the growing Radio One. Two years later on May 5, 1999, under his guidance, Radio One went public with on the Nasdaq Stock Market Index with 6.5 millions shares at $24 per share under the ticker symbol “ROIAK”. The IPO made Cathy the first African-American woman to chair a public company.

One May 5, 2017, Radio One was transformed into Urban One (likely due to its growing expansion into media outlets outside of radio) and its ticker symbol changed, presumably, from ROIAK to UONEK (Class D) and UONE (Class A).

$UONEK and $UONE currently trade on the Robinhood mobile application for free. Today, and as of this writing, $UONEK’s price per stock has been trading between a low of $1.80 and a high of $1.85 while $UONE’s price has remain unchanged at $1.85.

Website

https://urban1.com/

Nasdaq Profile

https://www.nasdaq.com/symbol/uone

Buy black and bank black are slogans used to motivate and drive African-Americans to patronize black businesses. Money, or more specifically the allocation of one’s wealth and income, is sometimes used as a form of protest against racial prejudice and discrimination. But now, money can be used as empowerment with no specific political cause.

Publicly traded corporations have grown to exponential levels never seen before with Apple having the largest market capitalization of all with $910 billion. If Apple’s stock price rises to the widely estimated $200 mark it will have a market capitalization of $1 trillion.

With this amount of money getting pumped into the stock market I first asked myself which stocks are “African-American friendly” in that they either serve a black community or empower black top-level executives. I could only think of two; Live Nation ($LVY) and Wing Stop ($WING). Of course, I quickly obtained long positions in each.

Eventually, I dug deeper after stumbling upon some money to invest. I thought “Could there be any black-owned stocks out there?”

You might be thinking “Aren’t stocks owned by the public? How could a stock be black-owned?” and you wouldn’t be wrong. To be specific, when I say black-owned stocks I mean companies that were either created by African-Americans, majority owned by African-Americans, largely employed by African-Americans or something along those lines. This exercise in buying black is not about being picky.

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Top Black-Owned Publicly Traded Companies: Broadway Financial Corporation

February 28, 2018 Leave a comment
Paul Williams - Broadway Financial

Paul Williams, a famous Hollywood Architect, was a founding member of Broadway Financial Corporation

 

Broadway Financial Corporation 

Broadway Financial Corporation, specifically known as Broadway Federal Bank is based out of Los Angeles, California with three branches including an Inglewood Branch, a Mid-Wilshire branch, and an Exposition Park branch. The financial institution’s original name was Broadway Federal Savings and Loan Association.

Naturally, the bank traces its roots to the Pre-Civil Rights era when minorities were ignored or financially taken advantage of by Main Street banks. It was founded in 1946 by three African-American pioneers; Dr. H Claude Hudson, a Dentist and community leader, Paul Williams, a legendary architect, and H.A. Howard, a real estate broker.

In December of 1995, the bank was converted from a federally chartered mutual savings association into a federally chartered stock savings bank. The newly formed corporation began trading on the official Nasdaq Stock Market Index under the ticker symbol “BYFC” with an IPO of $5.00 on January 12, 1996.

Broadway Financial Corp is currently managed by CEO Wayne Kent A. Bradshaw and focuses on low-moderate income communities with a particular focus on lending for multi-family affordable housing.

$BYFC currently trades on the Robinhood mobile application for free. Today, and as of this writing, the price per stock has been trading between a low of $1.97 and a high of $2.14 in a volatile day of trading.

Website

https://www.broadwayfederalbank.com/

Nasdaq Profile

https://www.nasdaq.com/symbol/byfc

Broadway Federal bank

Buy black and bank black are slogans used to motivate and drive African-Americans to patronize black businesses. Money, or more specifically the allocation of one’s wealth and income, is sometimes used as a form of protest against racial prejudice and discrimination. But now, money can be used as empowerment with no specific political cause.

Publicly traded corporations have grown to exponential levels never seen before with Apple having the largest market capitalization of all with $910 billion. If Apple’s stock price rises to the widely estimated $200 mark it will have a market capitalization of $1 trillion.

With this amount of money getting pumped into the stock market I first asked myself which stocks are “African-American friendly” in that they either serve a black community or empower black top-level executives. I could only think of two; Live Nation ($LVY) and Wing Stop ($WING). Of course, I quickly obtained long positions in each.

Eventually, I dug deeper after stumbling upon some money to invest. I thought “Could there be any black-owned stocks out there?”

You might be thinking “Aren’t stocks owned by the public? How could a stock be black-owned?” and you wouldn’t be wrong. To be specific, when I say black-owned stocks I mean companies that were either created by African-Americans, majority owned by African-Americans, largely employed by African-Americans or something along those lines. This exercise in buying black is not about being picky.

Tampa Bay Buccaneers Linebacker Geno Hayes Arrested And Tasered By The Police

December 13, 2010 2 comments

Tampa Bay – Bucs starting LB Geno Hayes‘ arrest early Monday won’t affect his status for Sunday’s game against the Lions, coach Raheem Morris said.

Geno Hayes was arrested after confronting the police

Hayes, 23, was arrested on charges of disorderly conduct and trespassing at 2 a.m. at Tampa’s Blue Martini nightclub, 2223 N West Shore Blvd. in International Plaza. Continue Reading..

Tampa Bay Buccaneers linebacker Geno Hayes was arrested at 2:00 a.m at Tampa’s Blue Martini nightclub. The FSU graduate was charged with disorderly conduct and trespassing.

Hayes got into a confrontation with the cops after they didn’t allow his friend entry in the club for being “underdressed.”

Hayes and his friend were arguing with the police and Hayes said “You ain’t gonna do nothing. I ain’t leaving. I don’t have to leave.”

The police attempted to use a taser on Hayes but the taser didn’t work and the cops had to tackle Geno Hayes.

Geno Hayes is having the best season of his 3-year career 61 tackles.

Tampa Bay Buccaneers head coach Raheem Morris said the arrest wouldn’t affect Hayes’ status for Sunday’s game against the Detroit Lions.

Wide Receiver Derrell Johnson-Koulianos Dismissed By Iowa Head Coach Kirk Ferentz After Drug Arrest

December 9, 2010 5 comments

Kansas City – Standout wide receiver Derrell Johnson-Koulianos isn’t merely suspended from the Iowa football team after being charged with possession of marijuana and cocaine, running a drug house and unlawful possession of prescription drugs.

“He’ll not play again here,” Iowa coach Kirk Ferentz said on a teleconference call on Thursday morning. Iowa plays Missouri in the Dec. 28 Insight Bowl game in Tempe, Ariz. Continue Reading...

 

Derrell Johnson showing love to Iowa fans.

Iowa Head Coach Kirk Ferentz said “He’ll not play again here…he’s dismissed” in reference to talented wide-receiver Derrell Johnson-Koulianos during a teleconference call.

Derrell was suspended on Tuesday after he was arrested on possession of controlled substances, keeping a drug house, unlawful possession of a prescription drug and the complaint says “selling large amounts of marijuana”.

Derrell Johnson was the all time leader in catches and reception yardage for the University of Iowa. He was speculated to be in the first round of next years draft.

This drug arrest has jeopardized his chances of going in the first 2 rounds or even being in next year’s draft.

This is a real tough lesson. Hopefully he recovers from this and has a respectable career. He will miss a big bowl game in “The Insight Bowl” on Dec. 28, 2010 in Tempe, Arizona. He will be punished by his family, friends, and most importantly, the justice system.

The days of Derrell Johnson on the cover of Sports Illustrated are over for now.

Wesley Snipes Explains Why He Should Not Go To Jail On Larry King Live

December 8, 2010 1 comment

Wesley Snipes is expected to report to prison on Thursday, Dec. 9, 2010. He was found guilty of not paying taxes. The IRS claims he owes them over a $1 million dollars.

 

Wesley Snipes as a gangster in Brooklyn’s Finest

White Thief Wears Black Mask To Carry Out Robberies And Nearly Got Away

December 1, 2010 Leave a comment

DailyMail – A white man who pleaded guilty to six robberies in Ohio used a black mask so lifelike that police initially arrested a black man for one of the crimes.

White bank robber uses African-American mask for cover.

The mother of the wrongly accused man even thought a photo of the robbery suspect she saw on television was a photo of her son.

Conrad Zdzierak, 30, pleaded guilty Monday in Hamilton County Ohio to one count of aggravated robbery and five counts of robbery in a plea deal with prosecutors. Continue Reading...

Conrad Zdzierak put an African-American mask on and carried out 4 succesful bank robberies, a credit union robbery and a pharmacy robbery. The thief made off with $15,000.

 

African American Navy Pioneer Samuel Gravely Jr. Has A Navy Ship Named After Him

November 29, 2010 1 comment

HamptonRoads Pilot News – When Samuel Gravely Jr. was born in segregated Richmond 88 years ago, he never could have imagined a career as a U.S. naval officer – not to mention becoming the first black officer to command a warship and, eventually, the service’s first black admiral.

Samuel Gravely Jr. doing what he did best. Earning the respect of white people.

 

Gravely died in 2004, but this month marks yet another first: The first warship named for a black admiral was commissioned over the weekend. On Wednesday, the brand-new destroyer pulled into Norfolk, its new homeport. Continue reading…

 

Samuel Gravely Jr. is considered a Vice Admiral. He was a pioneer for African-Americans in the Navy.

The brand new $1 Billion dollar Gravely Destroyer has been named after the African-American legend.

The ship’s motto “First to Conquer” is a reference to Samuel Gravely paving the way for blacks in the Navy.

He was the first black to be commissioned as an officer, first black to serve aboard a fighting ship as an officer, first black to command a Navy ship, first black fleet commander, and first black to become a flag officer.

 

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