Word: stockely
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...Chinese government, however subtly, is clearly trying to convey the message that the stock market isn't a casino, it's a long-term way to build wealth. CCTV, the government-controlled television network, ran a long interview this week with a pleasant, gray-haired retiree named Guo Xiufeng. She says she now has $130,000 in savings thanks to the stock market. She started investing more than 10 years ago with $2,500, she says, "and every time the market went down a bit, I would just buy a little more." Everybody got that? When the market went down...
...company in Pickerington, Ohio, has been making Dearfoams slippers--sold mostly in department stores like J.C. Penney, Sears and Wal-Mart--since 1947. With the son of a founder presiding as chairman for 40 years, the company peaked in the mid-'90s with sales of $150 million and its stock price at $25. By mid-2003, Barry had lost $20 million, sales were plummeting, its stock was at $2.08, and it was in default on a $10 million loan from its longtime lender, Huntington National Bank of Columbus, Ohio. The Dearfoams maker was out of both money and time...
...Then Von Lehman steps in as interim manager. "I move in while the company's still on life support," he says. As an industry, these experts number at least 7,700, according to the membership rolls of the Turnaround Management Association. Top performers can earn $950 an hour, plus stock and other bonuses...
...Lehman managed the company through mid-2006, its condition was gradually upgraded. In June 2004 it was kicked off the New York Stock Exchange, but it broke even on an operating basis and began 2005 with zero debt, having paid off the loan from CIT. By December, the company's stock was listed on the American Stock Exchange. Using exclusively Chinese manufacturing, Barry raised profit margins and completed the turnaround without losing core customers--most important, Wal-Mart. In 2005, the company made $8 million. By the time Von Lehman left in May 2006, the stock was trading...
...Donald Trump says he's finished with The Apprentice and moving on to "a major new TV venture." Media blog JOSSIP wonders, "What's Donald to do? Perhaps it'll be a Mad Money rip-off, where you can get stock advice in between plugs for Trump vodka and Trump magazine." SCORE...