Word: frazers
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...Kaiser-Frazer Corp. announced it had closed the year with almost $19,000,000 profit, out of which it had paid off a $12,000,000 Bank of America loan...
...Trial. In Pittsburgh, Kaiser-Frazer dealers were offering new cars on a trial basis. The terms: $200 down and $100 monthly "rental" for six months. At the end of that time, the customer can return the car. If he keeps it, the rent is applied on the purchase price...
...Wall Street had been prepared to expect, the Kaiser-Frazer Corp. this week announced that it was in the black for the first nine months of this year (TIME, Oct. 13). K-F joyfully informed stockholders that the company had made a profit of $8.3 million in the third quarter, after a loss of $2.2 million in the first six months. The overall profit of $6.1 million, said K-F, was tax free under the carry-forward tax provision. (K-F's $19.3 million loss in 1946 makes profits up to that amount tax free.) The report, said...
...Wall Street's 1,200-odd market advisers had urged their clients five months ago to "buy Kaiser-Frazer stock and double your money," he would have been hooted at. On the New York Curb Exchange, where the stock steadily dropped from its $20.25 offering price to a low of 5 last May, it was considered shrewd to be "short" on Kaiser-Frazer, i.e., to bet it would go lower...
...last week, anybody who had bought K-F stock at its May low, and kept it, had more than doubled his money; the stock had climbed steadily to the year's high of 11¾. The reason: since July, Henry Kaiser, Joseph Frazer and associates, while publishing no figures, had quietly spread the word that K-F was making money hand over fist. Their unofficial story: during the first five months of 1947, the company lost $1.4 million (on top of 1946's loss of $19.3 million), but in June, the company got in the black...