Word: profitless
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...with an advertisement in which an elegant gentleman in a roadster, passing an unfortunate motorist with a flat tire, sings out breezily: "That happened to me once before I began to use Kelly-Springfield!" But Kelly-Springfield's name was always bigger than its business. Even before the profitless little company was recapitalized two years ago, a fight developed between its stockholders and its management. The stockholders blamed the management for Kelly-Springfield's troubles. The management blamed Depression. A third group, the noteholders, stayed out of the argument until last week. Then, fearful lest the company...
What worried the average businessman was the fact that while these 165 corporations made 25% less in the Green Bay quarter, they actually sold more goods than in the same three months last year. Every batch of corporate earnings gleamed with examples of profitless prosperity...
...While the industry takes pride in the tremendous gains for its workers under the code, the stockholder is still the forgotten man. . . . Today we are again confronted with profitless operations, closely bordering on pre-code conditions...
Motors. A more conclusive example of profitless prosperity was furnished by General Motors' quarterly report, published last week. GM sold 130,000 more autos than in 1933's second quarter and a correspondingly larger number of refrigerators, Diesel engines, spark plugs, vacuum cleaners. Translated into dollars, its three-month sales jumped to $303,000,000?an increase of no less than $100,000,000. Yet wages and the cost of materials jumped even faster. So GM did its additional $100,000,000 of business without a nickel's profit. Indeed its three-month profit of $40,000,000 was actually...
...secret that Repeal has been something very close to a flop as a business proposition. Publication of Government liquor tax receipts for fiscal 1934 merely added to the evidence. Liquor retailing has been bitterly competitive and for small stores practically profitless. Big distributors are sagging under the weight of carrying the corner dealer. Even the distillers, always suspect, have found Repeal no gold mine. Few weeks ago National Distillers, stockmarket comet of 1933, hit a new low for the year on the same day that Coca-Cola hit a new high of $136 per share...