Word: sanfords
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...last week when the U.S. Labor Department reported that consumer prices rose during November by a mere 0.1%. As a result, inflation for all of 1982 now looks likely to remain under 5%, the lowest level in six years. Says David Levine, economic analyst for the investment firm of Sanford C. Bernstein & Co.: "The long-term outlook for bonds is bright indeed. The vast amount of slack in the economy will ensure that inflation will continue to decline even after the economy starts to recover...
...Analyst Sanford Garrett, at the time one of the few remaining bulls on Xerox, found the announcement so jarring that he took the company's stock off the buy list at Paine Webber, the Wall Street securities firm. Xerox stock, which made millionaires of investors prescient enough to buy in the years after the plain-paper office copier was introduced in 1959, sold as high as $172 in 1972. It closed at only $37.75 last week, even after moving up in the big market rally; it was at $29 two months ago when the Dow Jones industrial average began...
...Dayton, an aging factory located near Interstate 75 has been converted into a 20-unit outlet mall, offering luggage, draperies, clothing and even power tools at 50% to 70% below retail. Says Sanford Mendelson, whose family bought the building from General Motors last year: "People who never stopped in Dayton when passing by are now stopping like crazy...
...industrial companies. No one was more surprised than Amex officials when they learned that they were replacing the ailing Manville Corp. on the blue-chip list that includes Exxon, General Motors, A. T. & T. and other giant firms. Said Amex Chairman James Robinson III: "We are simply delighted." Added Sanford Weill, chairman of the firm's executive committee and Shearson/American Express, the second largest U.S. brokerage: "I pinched myself to make sure it was true...
...Milwaukee, are locked in a struggle for dominance of the entire market, while smaller regional and local brewers are getting trampled underfoot. In the past five decades, the ranks of American brewers have dwindled from 750 to a mere 45. Says Emanuel Goldman, a beer-industry analyst for the Sanford C. Bernstein & Co. investment firm of New York City: "The industry truly is in the final throes of consolidation...