Word: profitability
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Dates: during 1950-1959
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Other lawyers and bankers in central Kansas, now figuring the same way, have flocked to real-estate offices in search of "bankable" land, pushed the prices fast enough to give Brown a $10-an-acre profit if he were to sell out today...
...close, since President Robert Morse Jr. and his family own 34% of the stock. At first Sarlie bought 70,000 shares with his own and borrowed money. He sold 20,000 shares to Silberstein and agreed to sell the other 50,000 after the annual meeting-at a profit of $369,200. When his computations showed that Silberstein was still short some 60,000 shares of what he needs, Sarlie said he bought this amount in the open market at up to $60 a share. Silberstein was glad to buy it from him at $68.87½, thus giving Sarlie another...
...From Simon Jaglom, New York importer-exporter, Silberstein took another option on 49,750 shares at $47.75 v. $43 market price. Profit to Jaglom...
Under oath before SEC, Silberstein angrily denied any personal profit, said that his operations are perfectly legal methods of buying stock without paying more cash than Penn-Texas can afford. The stock, said he, was bought through the web of intermediaries to 1) avoid pushing the open-market price higher, and 2) get it from sources who would sell it on credit or agree to later delivery and payment. Despite the high premiums, said Silberstein, Penn-Texas bought Fairbanks, Morse stock (now about $57) at an average $52 a share...
WHRB, located in the basement of Dudley Hall, has always been a student owned and operated non-profit commercial radio station. Legends have sprung up to the effect that our signal is "sent through the steam pipes" in some mysterious fashion; actually, the radio signal is impressed on the lighting circuit of each dormitory in the steam tunnels under the University, and these tunnels also contain the lines with which we can send a signal from such places as Sanders Theatre and New Lecture Hall back to the studio, where we can either record it for future use or broadcast...