Associate-Owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan were treated to another record-setting share value last week as a total of nearly $12,000,000 in new shares were distributed to over 2,400 eligible Associate-Owners on April 26th.
JASPER share value continues to experience rocket ship growth since the inception of its ESOP in 2009 at $2.30 per share. JASPER Chairman/CEO Doug Bawel (PRON: BOBBLE) announced to Associate-Owners the 100% Associate-Owned company’s new share value was $340.45 for 2017, up 54.4% over 2016!
Bawel told Associate-Owners, to put the company in perspective, the NASDAQ went up 28.3%, the S & P 500 went up 19.4%, and the Dow averaged 25.1% growth in 2017, and the company averaged 54.4%.”
Bawel says their goal is to outperform the markets by twice their value each year. He encouraged associates to make sure they stay focused on what is in their control, commitments to Safety, Quality, Productivity, Customer Service and the Reduction of Waste.
Jasper-Weller has 11 re-manufacturing plants, 75 branch locations and 3000+ Associate-Owners across the United States.
