Word: investors
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Small investors apparently share this optimism. The return to trading by individual investors, who pulled $84 billion out of stocks last year, seems to be a key reason for the market's strength. "You can't get 150 million-volume trading days without the participation of the individual investor," notes Monte Gordon, research director for the Dreyfus Group of mutual funds. Concurs Furniss: "Individuals had been poised on the sidelines, waiting for a signal to jump back in. Now they expect something to happen...
...particular, is under attack by Irwin Jacobs, a Minneapolis investor whose threats to take over companies and then dismantle them have earned him the nickname "Irv the Liquidator." Jacobs has bought an estimated 2% of ITT's stock and wants to break up the company. The stock now sells for only about $32 per share, and analysts estimate that stockholders could get up to $60 per share if all the parts of ITT were sold separately. Says Jacobs: "ITT's management has created such a monster of overhead in its operations that something's got to happen...
...money than it spends at home. As a result, the Japanese are sending the funds back overseas by making loans, buying foreign stocks and bonds, and building factories in countries around the globe. Once merely a master manufacturer, Japan is on the way to becoming the world's premier investor and creditor. Its economic and financial clout could eventually rival the power held by Britain in the 19th century and the U.S. after World...
Some Wall Streeters accused Pickens of "greenmail," the business world's version of blackmail. In a greenmail deal, an investor buys a large enough chunk of a company's stock to pose a takeover threat in the hope that its management will buy the shares at a premium. Pickens denies being a greenmailer, saying that he made a sincere bid to take over Phillips and that all company shareholders will benefit from his actions because the value of their stock will rise. The most venerable greenmail victim of 1984 was Mickey Mouse. Saul Steinberg, a New York City financier, bought...
Araskog hopes to strengthen ITT by raising more cash. Last week the company agreed to sell parts of its Eason Oil subsidiary for $240 million. But Araskog's time is running short. Two weeks ago, Minneapolis Investor Irwin Jacobs snapped up more than 3 million of ITT's 139 million outstanding shares. No one knows whether Jacobs has a power grab in mind, but his usual prescription for laggard companies like ITT is clearly spelled out in his nickname: "Irv the Liquidator...