Word: sharing
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Dates: during 1960-1969
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...chains, on the other hand, maintain that they enjoy no substantial savings. For one thing, their share of the retail price of beef must pay for rising labor costs ($3.57 an hour for male cutters, $2.91 for women wrappers) and for the increased cost of handling, cutting and wrapping, which amounts to 90 a Ib. Moreover, many housewives no longer will buy cheap cuts of meat, preferring to buy steaks that they can throw on the broiler rather than a 590-per-lb. portion of stew meat that needs to be cooked most of the day. Since there are fewer...
Corporations have many ways to demonstrate strength, from capital expansion to dividend increases, but the stock split is becoming one of the most popular. During all of last year, 43 companies listed on the New York Stock Exchange split their stock, exchanging each share for two or more new ones whose total value equaled the original. In 1964's first quarter alone, 43 Big Board companies have done the split, including RCA, Pan American, Campbell Soup and A.T. & T.,*whose 2-for-l split next month will be the biggest division of stock in history. Last week Caterpillar Tractor...
Move on the Rise. To the sharp eyes of Wall Street, any company with steadily rising earnings and a stock price ranging upwards of $75 per share is ripe for a split. On the Big Board today at least 50 companies fill these specifications, among them Du Pont, Eastman Kodak, G.E., Jersey Standard and Corning Glass. As the stock market continues to rise, even more companies will become split candidates. While splits in themselves do not give a stockholder any more than he already has, Wall Streeters love them because they usually represent a management declaration of confidence that very...
...during a bull market. They also help the stock to move by splitting it to a price that will attract buyers. RCA was selling in the high 90s when its directors were debating a split; they settled for a 3-for-l division that brought the price per new share down to the 30s-the range at which many experts believe that the public is most attracted to a stock. Other companies feel that for prestige purposes their stock should sell at a higher price, and in this case might split only 2 for 1. Ideally, the dividend should...
...only time anyone ever cries over split stock is when it is a reverse split-one share exchanged for several that the stockholder holds. This is regarded as a management effort to raise the market value by cutting the number of outstanding shares, but it often has the opposite effect. The public, seeing it as an admission that the price cannot be brought up in any other way, usually shuns such stock...