Word: avco
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Dates: during 1930-1939
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...Great Avco...
...potent Avco, all credit as a "very great aviation group" and to a staff writer a reprimand for omitting it. He had plane manufacturing units in mind, of which Avco, principally a transport group, has only two (Fairchild, Kreider-Reisners) whereas Curtiss-Wright has seven, United five, Detroit...
...stockholders, experts, personnel - was a superhuman task for any man to accomplish in one year, in a new industry. Graham Grosvenor, able graduate of Otis Elevator Co., had done the groundwork, defined the problems. Four months ago James Franklin Hamilton, a railroad man, was called in to head all Avco's transport operations which constitute one-third of the industry's total in miles flown (TIME, Dec. 30). Now Mr. Coburn is called in to tune up the manufacturing aspect of the business, to align the personnel throughout. That is the work he specializes in - "Management Engineering...
...Avco's stockholders, when they meet next week at Wilmington, will understand that the commissioning of Engineer Coburn does not signify sickness but progress in the corporation. He is not only to adjust but to amplify Avco's manufacturing. Plans include new giant seaplanes, a new line of motors...
Financially the company is in such shape, after taking $1,443,822 loss last year and squeezing out a lot of stock water, that Standard Statistics said of Avco stock last week: Selling considerably under its current breakup value at around 8 and possess possibilities of the more speculative type for slow and gradual appreciation over an extended period. (The 1929 High was 20. 1929 low: 4 1/2. High this year...