Word: turnarounds
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...also a very nationalistic feeling People, especially the press [in the United States], which is the only medium through which Americans can understand what the opinion is, don't really recognize that there is this turnaround in Lebanon...
...toss-up in Maine doesn't bode well to Democratic hopes of a big anti-Reagan turnaround in today's voting. It ominous indeed that a solid moderate like Mitchell with a popular record on arms control and the environment--not to mention a volunteer force of 3,000 strong--isn't pulling away from a staunch Reaganite like Emery, who hasn't even run a very effective campaign. Mitchell has an even shot at pulling it out, but Democratic effort to capitalize on the country's economic travail could very well fail to Maine, where many people seem still...
...formally abandoned pretense and admitted to the world that it has reached a state of economic crisis. At is press conference in Pretoria, Finance Minister Owen Horwood announced that his government urgently needs a $1.1 billion loan from the International Monetary Fund. The request for aid represents an abrupt turnaround, and it raises important questions about the world's most ostracized nation...
...Stanley Shopkorn of Salomon Bros., the true riddle of the economy at this point is whether the market is seeing a real business turnaround, or "merely reacting to the Federal Reserve attempts to create one." Out in America's mines, ills and factories, the mood remains dark. Many businessmen have been crushed by two years of economic stagnation, foreign competition and a shrinking U.S. industrial base. It will take more than rising stock prices or election-year easing on credit by the Federal Reserve to convince them that the long economic winter is finally over. -By John S. DeMott...
Buying a share in the fund represents in effect a speculative bet that its portfolio will wind up brimming with eventual turnaround stocks. Says Zeikel confidently: "We expect to have more winners than losers." Over the years, bankrupt or desperate companies have indeed occasionally revived under new management. Typical of such born-agains is Toys R Us, which re-emerged from the bankruptcy of its parent, Interstate Stores, in 1978 to become one of the fastest growing retailers in the U.S.: 1981 sales $783 million...