Word: stockings
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Dates: during 1980-1989
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...cards with gum, stickers or other bonuses. All the companies appeal to better-heeled and older baseball nuts. Topps, for one, markets more than a dozen specialty issues, including bronze and silver replicas, through hobby dealers. The company's deluxe "Tiffany" set of glossy cards on heavily coated paper stock in serially numbered boxes sells for $125.95. Similarly, Fleer has gone upscale with its Commemorative Collectors Edition, encased in elegant gold-lacquered tin and extolled for its "meticulous detail and masterful craftsmanship" (up to $129.95). "There's no end in sight to all the different sets," says Allan Kaye, editor...
...Johnny Bench's Topps rookie card. Greg has set aside what he calls a "baseball card account" for wheeling and dealing. After two years, he has parlayed a nest egg of $700 into slightly more than $1,000. Says he: "I think it may be better than even the stock market." And, without a doubt, considerably more...
Meanwhile, O'Hara and Del Valle devised a plan to reduce the number of shareholders to fewer than 300, which would eliminate the SEC reporting requirements that apply to a public company. Management proposed to do this by declaring a reverse stock split of one share for every 1,000 shares. Anyone holding fewer than 1,000 shares would have to accept a cash payment of $41 a share, and that would whittle the total number of stockholders to below the magic 300 level...
...stockholders' meeting last week, management had lined up the votes to ram through its plan. In a swift 14 minutes, the reverse stock split was approved. But while the opposition lost a major battle, the war may not be quite over. For the past month the dissidents have been trying to spread their holdings to other family members and trusts so that even after the reverse split there will be more than 300 shareholders. On one day in April, three Bacardis met at Miami's airport and created 240 trusts. Management claims that these shifts came too late. Whatever...
...allure of SPE, though, makes the mind boggle -- and the mouth water. Industry watchers suggest that someday supermarkets might stock extra-low- calorie cookies, diet doughnuts and even fat-free ice cream. Says P&G Spokesman Donald Tassone: "We have done a lot of testing on different & foods." If research produces food that seems sinful but is palatable to waistline watchers, then P&G, and any other companies that follow its lead, should have no trouble fattening their bottom lines...