Word: stockly
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Dates: during 1950-1959
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Worst of all were Fox's notions of the principles which should guide journalism. To Post executives, fretting at the paper's wild machinations, Fox had a stock answer: "No one has ever measured the capacity of the American people to absorb manure." John Fox, yardstick in hand and a slug of bourbon within reach, gave it a try-and drove the Post into bankruptcy court. One of those pulling the plug on Fox was Friend-Turned-Enemy Bernard Goldfine...
Though they are in the minority, the bears are sticking to their thesis that the current market rise is only temporary. "Current stock prices are higher in relation to earnings than at any time since 1946," said Harry D. Comer, chief of research for Paine, Webber, Jackson & Curtis. "What the stock market is going on is a large amount of hope...
...only trouble was that the company lacked the capital and the production know-how to follow through on its big military contracts. For those it turned to Akron's General Tire & Rubber Co., which poured $4,000,000 into the tiny, brainy company (in return for 50% stock ownership) and installed Dan Kimball, then serving as General Tire's director of Government operations, as boss in 1945. In short order Aerojet was making good on its contracts, at one point hit production of 25,000 JATO units monthly. By V-J day it had 1,700 people...
President Kimball and his executives make no bones about the fact that all this research comes high. In its 16 years Aerojet has paid only one common-stock dividend. All the rest of the profits go for research in a ratio that holds company expenditures to 30% for production and 70% for research each year. Eventually, probably by 1960 when Titan and Polaris are in production, Aerojet will pay its stockholders regular dividends. But never so much that it cannot lay a big bet on any exciting new field that opens...
...Arthur Ford, magical goings-on would be largely confined to the hinterlands of Africa, the Caribbean islands and Tibet. The author of this book, a professional medium and onetime minister in the Christian Church (Disciples of Christ), was once urged by his familiar spirits to get out of the stock market. The time was 1929, and, wherever it came from, it was a rattling good tip. The recipient naturally believed that in the voices of spirits there was great wisdom...