Word: wunderstock
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Dates: during 1978-1978
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...American Exchange, Resorts had been a Wunderstock that had risen as high as $69.50 a share this summer. But after the report came out, it dropped almost eight points, closing the week at $23.62. The shares did not take more of a drubbing because even a negative ruling from the Casino Control Commission, which plans to begin hearings next month on granting Resorts a permanent license, could put several hundred million dollars in the company treasury. If Resorts lost its license, a state-appointed "conservator" would sell the casino and turn over the money to Resorts. The sale price would...
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