Word: profit
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Dates: during 1980-1989
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Quite simply, all the easy oil has already been pumped. Exploration costs per barrel now stand at about $15--which leaves little room for profit on a barrel of oil commanding a $29 world price. Last year the 20 largest oil companies in the U.S. found only 60 percent as much petroleum as they refined...
...more fundamentally, corporate takeovers are fabulously worthwhile. Pickens made $760 million profit in his "unsuccessful" effort to buy Gulf, and Gulf's stockholders ended up with an additional $5.3 billion...
...that the prosperity and the entrepreneurship is found in minority communities as well. There's a lot we can do through the Small Business Administration, through tax incentives, through Federal licensing laws to make certain that more blacks, Hispanics, women and other minorities can participate in the fullness of profit-making...
...borrowed. The investors promptly leased them back to the original owner, Broadcaster Metromedia. They are now in the process of rapidly writing off the costs of the billboards. At the end of five years, the plan is to resell them to Metromedia for $645 million, a 33% profit. The outcome: for individual cash investments of $150,000, each investor stands to gain a return in tax savings of $169,550, plus $355,000 in cash. And Metromedia can start writing off the billboards all over again as newly acquired assets...
...really got rolling. During 1983 production problems forced Coleco to manufacture less than 20% of the 500,000 computers it had planned. Last week the firm revealed that Adam is causing a hemorrhage of cash. Coleco reported a $35 million loss for the fourth quarter of 1983, against a profit of $15.4 million during the same period a year earlier...