Word: dohrmann
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Dates: during 1970-1979
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Almost immediately, the market began to plunge, and Tsai's portfolios did worse than more conservative funds. He took a drubbing on such unfortunate investments as National Student Marketing, Parvin-Dohrmann and Four Seasons Nursing Centers of America, Inc. Anyone who bought 100 shares of Manhattan Fund for $1,000 at its 1966 offering would have been left with about half that last week, not counting dividends. Tsai was to some extent merely unlucky, but he was also unwise to use his freewheeling investment strategies in the uncertain market of the past few years...
...Stardust, has seen its stock drop from a 1969 high of 141½-a share to last week's 28⅜. Last year the Securities and Exchange Commission accused company officials of manipulating the stock and making misleading statements about proposed mergers. For a while, Parvin/ Dohrmann stock was suspended from trading. The SEC claimed that, at the behest of Company Chairman Delbert Coleman, Parvin/Dohrmann had paid Washington influence-peddler Nathan Voloshen $50,000 in a vain attempt to raise the ban. In February, Coleman resigned and trading was resumed. Parvin/ Dohrmann reported a profit of $10.2 million...