Word: profiteered
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...soon hooked. Just after the market crash of 1987, he bought stock in phone upstart MCI at a few dollars a share. It soared. "I don't know if I was smart or I got lucky, but it was one of the few stocks I picked that brought a profit," Citron recalls. After finishing high school, he skipped college and headed straight to Wall Street. "I don't have a lot of patience for things," he admits. "When I see something that I want, I completely go after...
Still, many conservationists remain wary of trophy hunting in any shape or form. It works only with strict enforcement, says ecologist Craig Packer, who led the Minnesota study. "The temptation is to raise quotas to unsustainable levels because of the profit motive...
Though her parents often squirmed with worry and her husband occasionally shook his head in disbelief, Jenn Ripley has proved with her Atlanta-based store, Luxe, that you can profit from doing what large retailers like Loehmann's do: sell clothing from such designers as Gucci, Marc Jacobs and Stella McCartney at a discount...
...Institute of Technology, Ripley decided to make a go of overstocked couture at a discount. She got her father to co-sign a 30-day, $30,000 note, which she used to buy 300 chic but so-last-season pieces. Then she resold them on eBay at a 225% profit...
Your article on counterfeit luxury merchandise, "The Purse-Party Blues" [Aug. 2], never asked why Louis Vuitton or any other high-end manufacturer deserves to be paid $1,500 for a handbag when, as you reported, "a 40-ft. container filled with fake bags can turn a profit of $2 million to $4 million" at $35 a purse. Is the quality of the real designer bag truly worth so much more? Perhaps not, since the president of the International Anti-Counterfeiting Coalition maintains that "the machines that companies use as legitimate manufacturers are also available to the bad guys...