Word: profits
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Dates: during 1950-1959
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Nevertheless, newspaper brokers have worked out a number of complicated formulas-always subject to special exceptions-on which they make rough guesses. Sample formulas: the worth of the physical plant plus two or three times the net profit after taxes; the plant plus $10 to $20 for each subscriber; gross receipts plus 20% for good will. But even when they apply any or all of the formulas, brokers like Washington's Allan Kander admit that after they get the result, they "dive for a crystal ball." And the formulas cannot account for the huge increase in values represented...
Rich Americans used to be among the best customers for Europe's antiques. They bought the Old World's treasures to furnish mansions on the Hudson or castles in California, and a smart dealer could turn an easy 100% profit by buying at bargain prices in Europe, selling for what the traffic would bear in the U.S. But in recent years, the antique tables have been turned. Fine antiques generally are now more expensive in Europe than in the U.S., and some old pieces are being bought cheaply in New York for shipment back to Europe. Items...
Even at their most reasonable, the prices on top-quality antiques are usually so high that by the time U.S. dealers pay shipping and overhead costs they have no profit left. The U.S. antique market, meanwhile, has become overstocked. "In a five-mile radius of New York," says Alfred Phillips of Manhattan's Symons Galleries, "there are more good available antiques than in all the rest of the world put together...
Once he got his resin on the market, Reichhold vexed competitors by trimming prices, taking as little as 3% profit on sales, where others got as much as 10 or 20%. He built volume on small margins, plowed all earnings back into the company, thus kept expanding. By 1942 his sales were up to $10 million. In the next ten years, they jumped tenfold. He now has ten plants in the U.S. and 19 others around the world, with subsidiaries in England, France, Australia and Canada...
...stuck when they spend $25 or more for a pair of shoes that will last only a few months, it is not easy for manufacturers to get rich on the deal. I. Miller, one of the leading makers of expensive women's shoes, makes a mere 4% gross profit on its sales-far less than super-efficient General Motors makes on autos...