Word: nettings
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Dates: during 1950-1959
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Stassen put the best possible face on the relaxation, saying that "a net advantage to the free world" resulted from it. This statement is questionable on two counts...
...trade in the non-Communist world would be a cumulative, long-range constructive process, but the Communist empire is deeply committed to a long-range goal of economic self-sufficiency. Any trade built up with the Red bloc will be axed off when the Reds consider it to their "net advantage...
...stock. When he does, he goes after it. Montgomery Ward is just that kind of a company. It has a wad of $293 million in cash and Government securities, hoarded up for the depression that Avery is sure will come. This cash reserve is worth $45 a share, while net current assets are worth about $88 a share. The stock this year has sold as low as $56. Since it usually rises on any rumors that Avery is leaving, the stock climbed from $67.87 to 74.75 after reports leaked out that Wolfson was buying into Montgomery Ward. Last week...
...process. The first CinemaScope film, The Robe, has already grossed around $21 million at home and abroad and is crowding the alltime record of $35 million for Gone With the Wind. Another testimonial came last week in Fox's earnings report for the first half of the year. Net climbed to $3,096,000 v. $158,000 a year ago. Directors raised the quarterly dividend to 40? a share from...
...also helped Hollywood in a backhanded way. By killing off the market for B pictures, it forced Hollywood to concentrate on bigger and better productions. This has paid off at the box office, where gross is running about 5% ahead of a year ago, and in moviemakers' net profits, which may reach the highest level since 1948. As a result, movie stocks have gone up faster in the past year than the Dow-Jones industrial average (see chart...