Word: bargainer
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Dates: during 1960-1969
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...earnings. Morning after the Argus report, a big mutual fund, with its own pessimistic conclusions about Fairchild, offered a block of 100,000 shares; almost immediately, a second fund came in with another 100,000. Now everyone seemed to be selling Fairchild-and Texas Instruments and Motorola into the bargain. The M. J. Meehan Co., the Street's respected Fairchild specialist, valiantly tried to buy, but could not absorb all the available shares, lost a rumored $500,000. Fairchild itself dropped 191 points by the closing; Texas Instruments was down 151, Motorola 101. Next day, although Texas Instruments rallied...
Settling for 23? on the dollar would not normally seem much of a bargain to the Internal Revenue Service. But then it has to consider recent Supreme Court decisions ruling that attorneys' fees in criminal proceedings are taxdeductible. And that certainly applies to Teamster Boss Jimmy Hoffa, 53, who has had some extra large lawyers' bills to pay in appealing his 1964 convictions for conspiracy and fraud and for attempting to suborn a jury. The IRS agreed in a Detroit U.S. tax court that Hoffa could deduct $81,880 in fees from his tax debt...
...than water, rail or road transport-even though air rates are considerably higher. Using air shipment for most of its electronics products, increasingly diversified Raytheon has cut delivery time from ten to twelve days to 48 to 72 hours-and therefore is selling off its field warehouses in the bargain. Sears now supplies its Honolulu store with everything from brassieres to tractors via United jets. Shipping auto parts by air, General Motors and Ford cut down on expensive but wasted inventory in the production pipeline...
...firm. Then, in 1935, he struck out on his own: his father, then 72, seemed unwilling to retire -ever. Bergesen bought a 14,000-ton tanker and put it into a long term charter. Using the ship as collateral, he later purchased a faltering shipyard in Stavanger at a bargain price, installed oversized construction docks, then cashed in handsomely after World War II as one of the few European builders who could handle the demand for 17,000-ton jumbo tankers. He still builds for other operators as well...
...explanation is relatively simple. For one thing, Random House's dictionary is a bargain: $25 per copy, as against $47.50 for the nearest competitors (Funk & Wagnall's, Webster's Third International). For another, the need for a new big dictionary definitely existed. Webster's was last updated five years ago; other dictionaries go as far back, unrevised though reissued, to 1913. For a third, Random House has dropped the word count of big dictionaries to 260,000 from an average of 400,000. Thus it may qualify as the first heavyweight dictionary truly designed for ordinary...