Word: upturning
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Some firms already active in Asia through joint ventures are buying out their cash-strapped local partners, thus positioning themselves to reap all the profits from a future upturn. In South Korea, Coca-Cola has taken over the bottling and distribution businesses of three former partners--Doosan Beverage, Woo Sung Food and Honam Food--and it is no secret that Coors is negotiating to take full control of Jinro Coors Beer. South Korea is one of a tiny handful of troubled Asian countries expected to resume some positive growth, however small, by late...
What is happening overseas is still not what you would call pretty. Many Asian economies will be slumping throughout next year, though more slowly than in 1998. Once a general upturn begins, perhaps in 2000, it will take years for those countries to regain the prosperity of 1996. And there are still pitfalls that may take intricate maneuvering to avoid...
With no hope of even a cyclical upturn in the plain-paper business, Union Camp was shunned by the investors that most influence stock prices: the mutual funds. Before the bid by International Paper, Union Camp was one of only 12 among the 66 industrial companies in the S&P 500 that still traded below its 1987 high--after a decade when that index quadrupled...
Since IMAX went public in June 1994, its stock price has risen from about $6.75 a share to $29 in March before settling at about $22. That makes the company worth around $650 million. The two co-bosses took advantage of that upturn to sell 100,000 shares each recently, but analysts still see IMAX as a coming attraction. "It's a very undervalued company," says senior analyst Steven Bernard at Everen Securities. "We don't think it's well known on Wall Street...
...same day I read your report, I saw a man carrying a hand-lettered sign that read, NEED FOOD WILL WORK. Yes, the beleaguered middle class is benefiting from an economic upturn, but we must never forget that for every Wall Street millionaire producing nothing of lasting value, there's a hungry man at the corner. SCOTT A. DAMON Atlanta...