Scotty's Home Builders Supply, Inc. - Stock CertificateInv# SE1200 Stock
Specimen Stock printed by American Bank Note Company.
The company was also known as Scotty's Hardware and Scotty's Home Builders.
The company has its beginnings in the 1920s Florida land boom when new residents poured into the state to build houses, hotels, and other businesses. A young Georgia farmer working in Winter Haven recognized the demand for building materials and in 1924 opened "Home Builders Supply" in Winter Haven.
Evanda Hugh Sweet, a local farmer and father of James Sweet, started with one store in 1924, and in 1925, it became incorporated; from that point it grew to a total of 162 stores.
Scotty's was instrumental in helping supply building materials to the early real estate booms of Florida. Scotty's, overcome by the very competitive home improvement market, closed all the stores in 2005.
Private investment company Oak Point Partners acquired the remnant assets, consisting of any known and unknown assets that weren't previously administered, from the Scott Acquisition Corp., et al., Bankruptcy Estates on September 17, 2008.
James (Jim) Sweet built Scotty's to a chain of more than 100 stores (162 at its peak) and $500 million in sales during a 40-year career there. Scotty’s employed more than 5,500 people during his tenure. He was a 15-year member of the Florida Council of 100 business development group. He was also a graduate of Winter Haven High School.
He died on Wednesday, October 28, 2009, at age 91 in Winter Haven, Florida.
In the 1980s, the GIB Group helped Scotty's move to a new direction with a much needed influx of resources. In the 1990s, James Sweet sold all his stock and GIB became the new owners of the home improvement chain.
GIB also had interest in other home improvement retailers in the US, such as Handy Andy Home Improvement Center.
Scotty's contractor and homeowner delivery service was one its major strengths.
In the late 1980s, Scotty's was also sponsor to Eddie King and his #16 car within the Florida circuit.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.