Word: stockly
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Dates: during 1950-1959
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Blue chips were the chief gainers in the market rise, but many a less distinguished stock chalked up impressive gains. The week's most active stock was Studebaker-Packard. Though the company has not earned a dime in four years, its stock gained if for the week, largely on the strength of a recapitalization program approved by stockholders at midweek. In two months Studebaker's stock has doubled its value...
...Thus last week spoke Dr. William C. Freund, economist for the Prudential Insurance Co. of America, in taking an unfrightened look at the bogeyman that haunts the U.S. economic revival. The worry that inflation is ready to start shooting prices up again is nowhere more evident than in the stock market, which last week reached a new high (see State of Business). But is the new inflation psychology justified by the economic facts? Answers Dr. Freund: "The stock market reflects a too acute awareness of the long-term aspects of inflation at a time when the danger of inflation...
...facts: aside from the stock market, whose rise has also been sparked by the expectation of better business and profits, virtually every economic indicator that usually signals inflation is failing to do so now. Chief among these is inventory liquidation, which has continued despite the recovery. If businessmen thought they would have to pay more for raw materials six months from now, they would start building up inventories instead of continuing to cut them...
...getting the advantage of May's huge national purchasing and merchandising facilities and its solid footing in some of the fastest growing U.S. population areas, e.g., Los Angeles and Denver. If stockholders approve-and they are expected to-May Co. will swap 9¼ shares of its common stock for each ten shares of Hecht. Hecht Chairman Samuel M. Hecht will become a member of the new May board, and Levi will become a board member and vice president...
Each of the Monopoly players now personally owns about 15% (168,000 shares) of Seeburg's outstanding stock, and together their families control perhaps 45%. Coleman and Siegel have already given Seeburg hearty shots in the arm by introducing stereo jukeboxes, getting into the profitable cigarette vending business, giving new financial backing to Seeburg dealers. In the 1958 fiscal year ending this month, they expect Seeburg to earn only about 50? a share, owing mainly to the cost of scrapping unprofitable old products. Next year, with enough stereo orders already to run at full production well beyond the current...