Word: runs
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Dates: during 1990-1999
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...product line may have factored into the selection of former Apple executive Rebecca Patton, 43, as CEO. But the crucial issue was to hire an experienced manager to run the place. "The control thing was totally unimportant to us. Several people have told us that's a female characteristic," Herrin says, as if she wouldn't know one way or the other...
...porous border with the U.S. Soon his headlights pick out four scraggly youths preparing to scale the 12-ft.-high steel fence that separates the town of Agua Prieta from Douglas, Ariz. As he slows the pickup, the teenagers scatter like rabbits toward the sagebrush. "Wait! Don't run! We're not here to arrest you," yells Macias. "We want to help you. The problem is on the other side...
...billion. And on the redemption side (ignoring new money coming in) the bloodletting has rarely been so extreme. At the current pace, investors will cash out $732 billion from stock funds this year, equal to 22% of the industry's $3.4 trillion in stock-fund assets. That percentage has run in the middle teens since 1990, according to the Investment Company Institute, a trade group. Why all the selling? Possibly online stock trading and Internet speculation--not to mention frustration with middling returns--are redirecting money away from stock funds...
Another flag is the aforementioned heavy redemptions. Take Oakmark Fund (which I own). After a brilliant run early this decade it has lagged badly the past two years. This year shareholders have withdrawn $2 billion more than they've put in, a drop equal to a third of the fund's assets, reports AMG Data. Manager Bob Sanborn has been forced to sell long-held stocks and realize the gain. "I'd be shocked if our distribution is not aberrationally high," he says. So don't buy now; it might even make sense to sell (I'm not) if your...
...imposition of unsolicited self-exposure would be unthinkable to Franklin Hata, a retired medical-supply provider in Bedley Run, an affluent suburb north of New York City. Customers and other downtown merchants call him Doc, in deference to his business. The honorary title is also a well-meaning way of saying, "You may be Japanese, but you have been in town long enough...