Word: nettings
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Dates: during 1950-1959
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...earnings setting an alltime second-quarter high for the company and more than doubling its earnings of $1,401,298 during the period last year. The high level of consumer income and spending showed up in food-company earnings. Pepsi-Cola hit the brightest spot: six-month net shot up to $4,300,000, an 80% gain over last year...
Marion appreciates the talents of her lawyers, whose guidance has helped her earn an estimated annual net income of $400,000 a year from real estate. But they also respect her business instincts. Says Bautzer: "She has a good sense of smell about a piece of land...
Hungry Seagulls. Hirshhorn's random net inevitably scoops up many second-rate paintings, but it also snares some splendid ones. Among his finest recent purchases is Philip Evergood's American Shrimp Girl (opposite). One of the most versatile draftsmen alive, Evergood took obvious delight in depicting the hungry seagulls that circle the girl's head, and contrasting their eager grace with the girl's heavy-limbed, foursquare pose...
...Manhattan's PENNROAD CORP. which has joined with other investors to raid and reorganize sick companies. In 1952 Pennroad with Harris Upham and others secretly started buying stock in South America Gold & Platinum Co., which had a cash kitty of $4,000,000 (about 50% of its net worth), two years later had enough stock to oust the management. Last year Pennroad used South American's kitty to buy another gold company with $6,000,000 more in the till, then merged the two, diversified into cement and pipelines. As a result, South American's profits...
...NORTON SIMON, 48, who built Hunt Foods into the country's fourth biggest canner of fruit and vegetables (1954 sales: $66 million), has used his profits to move into other fields. In 1946 Simon went into Ohio Match, whose stock was selling at some $2,500,000 below net worth. He had so many good ideas that the directors offered him a voice in company policy without a fight, saw their profits soar. Later, to get wood supplies for Ohio Match, he invested some of its cash in the Northern Pacific Railroad, which had big timber tracts, turned...