Word: cashing
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Dates: during 1950-1959
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...first target was Linwood Park, Inc., builder of a Fort Lee. N.J. project, which netted the builders a $2,456,821 profit. If FHA could successfully take over the corporation and get back the windfall cash, it planned to go after all the other windfall profiteers...
...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 as low as $56. Since it usually rises on any rumors that Avery...
...operating on a cash-and-carry basis, Ohrbach's keeps its operating expenses down to 17% of sales (v. the department-store average of 35%), and holds markup down to about 20% (v. the average 40%). By eliminating sales slips. Ohrbach's saves time and trouble for clerks. And by a fast system of recording price tags, Ohrbach's can give each of its 150 buyers a detailed account of the previous day's sales; hot items can be reordered before their sales appeal cools. Twice a week buyers examine the coded sales tags, mark down...
...Cash in Question. Senator Bush was also suspicious about large amounts of cash that the Farragut Gardens builders had paid out, called the project's lawyer, Abraham Traub, to the stand to find out who got it. Had any of the cash gone to Clyde L. Powell, former assistant FHA commissioner who resigned last April and has dodged behind the Fifth Amendment to escape testifying? Traub said that none of it had, but he could not explain who had got the money. The committee ordered him to bring in his books, but at week's end both Traub...
...ruined her daughter's budding career as a beauty queen and TV star. But two unexpected witnesses make depositions to set things right. Author Pratt lays on the human gore and displays a nice nose for human greed-shyster lawyers, crooked photographers and assorted vultures circling a big cash settlement. Probably the most absorbing safety lecture since J.C. Furnas'-And Sudden Death...