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Salomon Inc

Article Abstract:

Salomon Inc's (SB) revenues have plummeted during the 1991 4th qtr due to the scandal brought about by investigations into its Treasury trading activities. The loss of $29 million is also attributable to SB's high compensation scheme which negates its already low earnings. Wertheim Schroder analyst Jim Hanbury lowers his 1992 forecast for the firm's stock from $3.50 to $3 per share. Shearson Lehman Brothers also drops its forecasts to $2.50 to $2.80 from $3.25 a share. Dart Financial Corp, however, defies the trend by buying 7.56 million shares of stock.

Publisher: Thomson Financial Inc.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
Security brokers and dealers, Petroleum bulk stations & terminals, Cases, Finance, Investment banks, Treasury securities, Salomon Inc.

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Air Express International Corp

Article Abstract:

Air Express International Corp (AEX) repurchased 1.36 million shares of stock valued at $36.8 million from Prudential Insurance Co in Apr 1992. The transaction was completed upon conversion of a $20 million 11.5% subordinated note held by the latter since Dec 1987. The reacquisition represents 15% of AEX's shares outstanding on a fully diluted basis. AEX stock was valued at $0.42 a share on revenues of $155 million in 1991.

Publisher: Thomson Financial Inc.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
Freight transportation arrangement, Securities, Freight forwarders, Air Express International Corp.

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