Word: frazers
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...contracts are worked off, ACF-Brill will have upwards of $10 million in working capital, which Foremost can use for further expansion. But Wall Streeters suspected that a very important reason for the merger was similar to that which had encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over a company's past losses to offset the buying company's excess profits taxes (see Taxes). ACF-Brill, with $25 million in invested-capital tax base and some fat losses (a three-year total of $5,569,583) to its credit, would...
...drawing board. After Korea, it worked hard to broaden its production base. In some cases, the Air Force deliberately paid more for planes just to get a new assembly line tooled up: e.g., the first two troop-carrying C-ngs to roll out of the new Kaiser-Frazer plant cost $1,000,000 apiece, as compared with the $314,000 price at the parent Fairchild plant. Said a production engineer last week, expansively waving aside Vandenberg's estimate of two years: "If they say 'go' today, a rate of 100,000 planes a year would be possible...
...past four years has gone into capital improvements. The area under irrigation has doubled, the soil planted to vegetables tripled, the number of tractors on farms increased sixfold, a merchant marine of 34 ships of 120,000 tons created from nothing. Factories like Philco refrigerator and Kaiser-Frazer have sprung...
Chairman Floyd Odium waved gaily at familiar faces. Everybody relaxed under Odium's charm and talked of the Big Deal, Atlas' purported merger with Kaiser-Frazer, which had kept Wall Street and Los Angeles abuzz for three months. Now they expected to hear all about it from the master financier...
...first glance, said Odium, the proposed deal had looked attractive. There were reasons why it should: Convair could use K-F's big Willow Run plant to make aircraft; in peacetime, it could make automobiles; moreover, Kaiser-Frazer had piled up some $49 million in losses which the merged companies could use as an offset against Convair's excess-profits taxes...