Word: bargainer
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Dates: during 1980-1989
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Traders said many investors were re-entering the market yesterday with the hopes of picking up stocks at bargain prices following Monday's record plunge. Companies, in particular, were buying back their stocks...
Looking for a bargain in real estate? Consider a visit to the spanking-new gallery that opened last week in Dallas. No, it is not just another branch of Century 21, but a dazzling display mounted by the Federal Savings and Loan Insurance Corporation. Prospective buyers can browse through glossy pictures of a $13 million office tower in Houston or a 50-room $2 million hotel in New Orleans' French Quarter...
National Security Adviser Frank Carlucci also wants a breakthrough in START, but he is looking for a formula that will make SDI part of a bargain without impinging on R. and D. "Asking this President to accept limits on testing," Carlucci says, "is like asking him to raise taxes tomorrow: he just...
American real estate agents love the trend: by some estimates, the Japanese have single-handedly boosted the selling prices of prime Manhattan real estate 10% to 15%, to roughly $500 per sq. ft. Those prices are still a bargain compared with costs in Tokyo, where office towers sell for an astronomical $20,000 or more per sq. ft. -- on those rare occasions when anything comes up for sale. Says Shigeru Kobayashi, owner of Japan's multibillion-dollar Shuwa real estate empire: "Bond buyers are holding paper, but I have buildings and land. That's the future." Kobayashi's son Takashi...
...Japanese bargain shoppers increasingly covet neglected American gambling casinos. Last April, Ginji Yasuda, a Korean-born Japanese, reopened the 1,100- room Aladdin Hotel in Las Vegas after buying the ailing complex for $54 million and spending $30 million more to restore its glitzy decor. He plans to shuttle customers from Japan in a posh jet equipped with sleeping cabins. Says Yasuda: "You have a lot of dreams still available in this country that you don't have in Japan...