Word: cloverlay
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Dates: during 1960-1969
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Connoisseur & Speculator. If that fight was a connoisseur's delight, Frazier's drubbing of Mathis was a speculator's dream. Back in 1965, a group of plungers risked $250 a share to form Cloverlay Inc., whose sole asset was Joe Frazier's punching power. Cloverlay agreed to pay Frazier's manager and training expenses, guarantee Joe $100 a week. Joe has repaid his stockholders handsomely. Some fight fans could protest that Frazier was not in the same class with deposed Champion Cassius Clay-and they might be right-yet he clearly proved last week that...
...brokers have ever heard of Cloverlay Inc., but in its own way it ranks right up there with Xerox as a growth stock. The plungers who risked $250 for a single share of Cloverlay stock in 1965 have since received splits and dividends that have boosted the value of each original share to $3,600. And that was two weeks ago. Last week in Manhattan, an ex-slaughterhouse laborer from Philadelphia named Joe Frazier stamped himself as the No. 1 contender for Cassius Clay's vacant heavyweight title by stopping Canada's durable George Chuvalo in the fourth...
...Frazier, 23, is Cloverlay Inc.'s only asset; the corporation pays his manager and all training expenses, gives Joe $100 a week plus bonuses. A 5-ft. 11½-in. 204-pounder with a crushing left hook, a swarming attack and basic notions of strategy ("I just want to put the other guy away as fast as I can"), Frazier hardly compares to Clay either in size or ability. But there are certain similarities. Like Cassius, Joe is an Olympic champion; he won the heavyweight title at Tokyo in 1964. Like Cassius, he is undefeated...