Word: stocked
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Dates: during 1970-1979
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...seems that young Southern women have bought the cosmetics mystique [Dec. 11] lock, stock and Farrah. As a result, I cannot use the campus bus system here at the University of Georgia-the perfume odor is overwhelming...
...Wall Street glamour stock whose price once soared to a lofty $733 per share, is finally coming down to earth. Last week the $18 billion-a-year computer giant announced a 4-for-1 stock split effective next May. That ought to bring the price of a single share down from about $284 last week to somewhere around $70-the lowest since 1932 and, for the first time in decades, within the reach of the average buyer. Says IBM Chairman and Chief Executive Frank T. Cary: "We want to make our stock more attractive to the small investor...
...certainly does.not need to raise any new money from investors; it has $5 billion in cash and securities, or more than the monetary reserves of most nations. Instead, its motives appear to be pride and politics. A rising stock price confers more prestige on corporate managers than one that is just high. Despite IBM's dazzling record of sales and profit gains, its stock, adjusted for past splits, sells for a bit less than it did ten years ago. Reason: institutional and pension fund managers hold about as many IBM shares as they care to, since they want...
...lunches and taxpayers' medical expenses. Instead the legislators passed a series of tax benefits to aid business investment and expansion and, to everyone's astonishment, whooped through a cut, from 49.1% to 28%, in the top tax rate on capital gains (profits made on the sale of stock, real estate or other assets). Also, Congress and Carter eventually agreed to reduce the total tax cut from the $25 billion that the President had originally requested to $18.7 billion, and to delay its start from Oct. 1 to Jan. 1. While that might seem to flout the message...
...problems of Resorts stand to hurt other gaming companies that are planning to open casinos in Atlantic City. Applicants will now get especially close and careful scrutiny, and many openings will be delayed. This may well put a temporary crimp in the earnings and stock prices of such companies as Bally, Caesars World and Golden Nugget. As for Resorts, the betting on the Boardwalk is that the commission will vote as it has in the past: 4 to 1 in favor of a license...