Word: magcobar
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...aircraft to fly its "mud doctors" to out-of-the-way sites around the U.S. It has found that one man in a light plane can do the work of eight in cars or aboard boats, and the time saved often means keeping a valuable well from being wrecked. Magcobar's fleet: 17 planes, mostly float-equipped, which flew 7,200 hours last year at a cost of $144,000, far less than the business they brought...
...direction. Says Mallon: "We hold on tenaciously to all the operating benefits that go with small-size companies, with Dresser Industries acting as a management group doing all those things where bigness is important." Proving the idea in the last seven years, Dresser found and bought four more companies-Magcobar, Lane-Wells Co., Southwestern Industrial Electronics and Guiberson Corp.-and helped them grow bigger in their fields. As a result of its successful diversification and growth, Dresser estimates earnings will be $7.90 a share in the fiscal year ending Oct. 31 v. $5.04 in the previous year. With such...
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