Pre-Paid Legal Services, Inc. (NYSE: PPD) is ranked number 66 in the 2009 Forbes Magazine annual list of “America’s 200 Best Small Companies,” climbing 64 positions from its 2008 ranking of 130 on this list.
For the second consecutive year Pre-Paid Legal Services has retained the number one ranking in the Forbes survey in the category of return on equity (RoE), a measure of how efficiently a company uses its assets to produce earnings.
“It’s gratifying to see Pre-Paid Legal Services recognized once again in the Forbes list of best small companies in America,” said Harland C. Stonecipher, Founder and CEO of Pre-Paid Legal Services. “We are proud to be listed among America’s finest small companies and we are especially pleased that our bottom line results have merited such high ranking.”
Stonecipher describes the PPD’s repeat performance as the number one ranked company for return on equity as significant.
Earlier this year, DeMarche Associates, an independent investment research firm, named PPD as one of the 100 best U.S. corporations, based on the company’s growth and risk management strategy.
PPD’s 2009 Forbes ranking (based on $453 million in sales), included the 192nd position for sales growth and the 128th position for earnings per share.
PPD has been on the Forbes list for the past three years, which in itself is a measure of stability. According to Forbes, 71 of the 200 companies listed last year fell off the 2009 list.
The Forbes list rankings are based on earnings growth, sales growth and return on equity for the previous 12 months.
Business
Pre-Paid Legal rises on ‘America’s Best 200 Small Companies’ list
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