Word: profiting
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Dates: during 1950-1959
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...meeting last week in Manhattan, stockholders took advantage of their new rights to question Burger on A. & P.'s profit margins, heard that they are 1.06% on the dollar, lowest of any top food chain. Grumbled one stockholder: "Isn't that too low?'' Replied Burger: "The company does not believe in profiteering on food. The food business is not a gold mine, and you cannot mine gold from...
...interest, and accept the hazard of a gradual decline in the buying power of their money, can get high safety and liquidity. Speculators can buy a 1-kilo bar for as little as $34 margin plus $63 a year on the unpaid balance, stand to turn a handsome profit if the price of gold should rise. In effect, they bet that the U.S. Treasury, which has been able to corner more than half of the free world's gold supply with its standing offer of $35 an ounce, will not peg the world price of gold indefinitely...
...welfare state? An example is Pemex, Mexico's government oil company. Subsidized Pemex proudly proclaims itself "in the service of the nation," fulfills the proclamation by keeping prices of its products artificially low and supporting a welter of government social services. As a result, it makes little profit to plow back into development and into the establishment of a much-needed petrochemical industry...
...Eastern Air Lines along most of its route, National has been hitting bumpier and bumpier weather, is operating a load factor of 52% v. a break-even point of 54%. In the twelve months ended Sept. 30, the line lost $748,944; the year before it had a net profit of $2,484,369. National's main hope is new equipment to attract more passengers; it has orders for three Douglas DC-8 pure jets, another 23 turboprop Lockheed Electras. But its place on the production line is so far back that it will not get the first...
Harsh Penalty? On a long-term stock profit, an investor must pay a capital gains tax of up to 25%. This means that if he sells, and pays the tax, he lessens his borrowing power by the amount of the tax and thus has less to invest, unless he can find another stock that will go up enough to make up for the tax loss. With shares already selling at record highs, finding such a stock is difficult. Result: investors are locked into their stocks, thus keeping shares off the market, and forcing up prices...