Bad Deal?
Article Abstract:
Florida Casino Associates is a group that is trying to sell shares in a group that is trying to bring legalized gambling to Miami Beach. In order to pay the costs of the effort, shares are being sold in Florida Casino Associates at one dollar each, in lots of 300, to Florida residents only. If the attempt is successful shareholders will receive dividends. However, if the attempt to achieve legalized gambling is unsuccessful, shareholders will probably lose their investment. Even though warned in the prospectus of these possibilities, shares are selling briskly. General sentiment believes the attempt will be unsuccessful since prior attempts to get voter approval on gambling issues were overwhelmingly defeated.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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Granddaddy Takes the Pledge
Article Abstract:
Started on a shoestring in the 1920s, Special Yarns Corp. has over the years turned into the conglomerate Textron. Textron, with the help of venture capital subsidiary American Research and Development (ARD), has grown by acquiring leading firms in specialized fields. Because Textron is heavily capital-goods-oriented, it was particularly hard hit by the recession of the early 1980s. However, Textron has enjoyed healthy profits in 1983, and forecasts even better profits for 1984. Some of Textron's operations include Bell Helicopter, Sheaffer pens, Gorham silver, Jacobsen lawn mowers, and Homelite chain saws.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1983
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Riskier Funds Wipe Out in Quarter
Article Abstract:
The mutual funds that saw the greatest return in the first half of 1983 were the funds that lost the most in the final quarter. These funds tended to be the riskier, more speculative funds. These funds are capital appreciation growth and small company growth funds; most funds did not give up all their gains. The strategies for 1984 are outlined for some of the losing funds.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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