Word: beached
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Dates: during 1950-1959
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Potent Arguments. In his $600,000 home on Miami Beach's Biscayne Bay, Wolfson likes to pore over financial statements, find a company that is worth a lot more than the price of its stock. When he does, he goes after it. Montgomery Ward is just that kind of a company. It has a wad of $293 million in cash and Government securities, hoarded up for the depression that Avery is sure will come. This cash reserve is worth $45 a share, while net current assets are worth about $88 a share. The stock this year has sold...
Percentage Figuring. A year ago, Herbert Hoover Jr. was as little known to the public eye as his father had been, say, in 1914. He was basking on a California beach last September, reading a newspaper account of the deadlock in Iran and feeling pleased that he was not mixed up in it, when Secretary Dulles called him on the phone from Washington. Would Hoover go to Iran, as a State Department special adviser, and see if he could bring the obdurate British and the stubborn Iranians together? Hoover would. He now assesses the job (with shrewd help from Ambassador...
...first water trial; as a photographer snapped away, the plane's bow gaped open like the mouth of a giant whale, revealing an enormous cavern for cargo. The So-ton craft, pictures of which were released last week, was the R3Y-2 "Flying LST," built for beach-assault operations by General Dynamics' Convair division. To pull away from a beach or dock the pilot,simply reverses propellers; the ship needs a run of only 30 seconds to take...
Last year Salesman Sayre decided to retire and live in leisure at his Surfside, Fla. home. He soon saw that it was not the life for him. Says he: "There's only so much gin rummy you can play, so many times you can lie on the beach, so many times you can go to the races. Then you get damned sick and tired of it, and wish you had a job to go to." Last May Sayre found the job to go to at Borg-Warner...
Neither adulation nor public office could keep Teddy from home. Whenever he could, he went back to the small fry, organizing games, obstacle races, camping and hunting expeditions and a wild slide down Cooper's Bluff, a steep, 200-ft. sand slope to a beach on the Sound. One reason the kids liked camping with him was explained by a delighted ten-year-old: "He never asked me to wash once...