Word: brunswick
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Dates: during 1960-1969
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Stop Loss. A phenomenon of the market in recent weeks has been a flurry of sudden, sharp drops in such old favorites as Brunswick, Universal Match and Thiokol. Many brokers blamed such flurries on the thinness of the markets: a comparatively small number of shares, bought or sold, cause a big change in price. To make markets broader, the New York Stock Exchange argues that margins, which now require a buyer to put up 90% of the price, should be reduced, since there is far less credit buying in the market than in any other segment of the economy...
...June 1954 story on Ampex pointed out that the boom in prerecorded tape was made possible by the company. Five dollars invested in a single share of Ampex in 1954 would now be worth $186. Similar stories have examined such rapid risers as Litton Industries (September 1958), Brunswick Corp. (September 1959), and a host of other growth companies...
...claim their title for many reasons. Most of them are found in new or rapidly changing indus tries that are either riding new trends or testing new frontiers of knowledge: electronics and missiles, which have spawned some of the best performers; recreation and leisure, where such firms as Brunswick Corp. (bowling equipment) and NAFI Corp. (pleasure boats) have profited by the move to the suburbs and extra leisure time; drugs, where an outpouring of new products has brightened the future of such firms as Schering and Merck; vending machines, which promise to bring a new era of merchandising; and foods...
...Coleman, a Stock Exchange veteran of 35 years and one of its senior specialists, does not consider his job gambling. "I call it speculation," he says. "The difference between gambling and speculation is knowledge." It is knowledge of his 52 stocks, including American Tobacco, Brunswick, Motorola, and W. R. Grace, that is part of the secret of Coleman's success: what stock is likely to be in demand, and-more often than not-why. When a stock goes up, Coleman has usually laid in a supply of it in advance, and turns a profit. Conversely, he often is shrewd...
...books in which he keeps his transactions, he stands at his Post 13 on the floor each day, surrounded by brokers clamoring to buy and sell. On a typical morning last week, he had to spend $81,600 at the opening gong to buy 1,200 shares of Brunswick stock at 68 that nobody wanted. Later in the day the stock rose to 68¾, and Coleman sold some. But if the stock had gone down, Coleman would still have had to buy. To even up the odds, the specialist has privileges. Among them: he can trade on only...