Email came out today with info about buying GMR stock as an employee thru the IPO process.  Who's jumping in?  I was disappointed we can only get 200 shares maximum---I figured I'd buy a few hundred thousand, sell it all when the stock popped after going public and retire to swimming in my money vault, never to climb into a cockpit again.  I guess I'd better not get rid of my flight suit---dagnabit, I was looking forward to the frock coat, spats and top hat.  

Tree Fiddy!!!!!!!!

GMR is a conglomerate of air medical operators who are the highest paid, with the best benefit package, best leadership and most content employees in the industry. 

Oh, a bunch of irrelevant EMS stuff. I thought that industry had imploded by now.

Death, taxes, and EMS flights will always exist. 

Like it or not, according to the IPO prospectus---the patient transport business in the US is over $20 billion (ground and air), and that doesn't include government provided services (again, ground and air) that are another $15 billion.  That sheet ain't going away anytime soon with that much cash up for grabs.

You will be assimilated.

Reach, AEL, MTC, Guardian, EagleMed , etc.....plus the FW Air Ambulance companies they own, with AMR ground transport, and also hold the Govt. FEMA contract across the US....Plus they buy all up the small town ambulance companies where they put helicopters...

and everyone said they would declare BK..."just a moment of time, and they will declare BK and shutter bases and sell off".....yeah, it didn't happen...no threat of any sell offs and the bond situation restructured legally....

and no I don’t remember that

Read the prospectus.  They do have a bunch of debt, but so does any company that requires a lot of infrastructure, ie aircraft, ground ambulances, tools and spare parts, etc.  The debt is being serviced and this IPO will pay down part (but not all) of it.  Less debt service = healthier balance sheet, and obviously they cleaned things up as much as possible before the IPO announcement to make things look bright and shiny for Wall Street.  The most encouraging thing to me personally is that KKR will retain majority ownership, even after going public---so they can recoup some of their investment while also firming up the balance sheet and spreading a little of the risk.  If they were selling more of their ownership I'd be more concerned that they were trying to cash out and run for the exits before the ceiling collapsed.  I don't thing the stock will take off like a Tech IPO with huge multiples of their revenue or actual value, but I do think they're a healthy business in a growing arena---our population gets older and unhealthier every day unfortunately.  

what dat

When I log in I don't see my account on the link to sign up, whats going on?

To participate open a brokerage account in addition to the 401K account

You have to open a normal investment account with Fidelity--not a big deal, takes less than 5 minutes. Just go to the Fidelity website, say you want to start an investment account and then it will link the information they already have on you from your retirement account; you'll have to add spousal information if you do a joint account, but that's just birthday and SSN. For something like this, it can't happen in your 401K, although the initial letter said they hope to allow purchase of company stock as a 401K option within our retirement accounts.  Personally, I'm not a huge fan of that idea, regardless of the return---something bad happens, you stand the chance of losing your paycheck, benefits and value of your retirement fund all at once.  Too much risk unless they're offering a huge discount to market price or their stock price is ballooning like a tech startup.  

They did up the allowed purchase from 200 to 1000 shares, so IDK if that's a good or bad sign for employee purchases and the IPO in general.  Maybe I can start designing the money vault and buying the top hat after all!