Word: janney
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Dates: during 1980-1989
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...sell-off was the sharpest since the market plunged 508 points on Oct. 19, 1987. In terms of points, it was the second largest loss in Wall Street history; in percentage, the day ranked twelfth worst. "It's total emotional and psychological chaos," said Eugene Peroni, an analyst with Janney Montgomery Scott, a Philadelphia brokerage firm. "People are dumping < everything. A great deal of money is being lost...
...only five out of twelve posted a profit last year. Overall, the casinos earned just $14.7 million after expenses in 1988, a meager return on the $2.73 billion that gamblers lost in the slot machines and at the tables, according to Marvin Roffman, a casino analyst with Philadelphia's Janney Montgomery Scott. The reason is the debt the casinos have taken on in the past three years, much of it through junk bonds, either to fight off takeovers or engineer them. Atlantic City's casinos have incurred more than $2 billion in debt, $6 for every $1 of equity. Some...
...still commands 70% of the $50 billion long-distance market, but has grown increasingly price conscious in its rivalry with MCI and Sprint. Even so, the lateness of the move has shaken some investors' confidence in Ma Bell. Says James Meyer, a telecommunications analyst with the Philadelphia investment firm Janney Montgomery Scott: "My question is, Is this it? Or will we have to go through this again...
...Resorts/Trump merger, the entertainer promptly countersued for $500 million. Trump, he charged, had misled stockholders about the company's value and breached his fiduciary responsibility by not considering a more attractive offer. "It's a real war," says Marvin B. Roffman, a senior security analyst for the Janney Montgomery Scott investment firm. "Griffin is dead serious...
Coach Mike Sertich's Bulldogs will face Len Ceglarski's B.C. Eagles in Sunday's second game. The Eagles, who last year finished first in Hockey East, lost three players (Greg Brown, Craig Janney and Brian Leetch) to the U.S. Olympic Team. But, unlike Harvard, B.C. still has been unable to return to first-place form...