The decade of the fifties is aptly described as the decade of common stocks. For many years, trustees could not invest in common stocks unless specifically authorized to do so. Gradually, many states adopted the so-called prudent man rule, which gave trustees greater latitude and permitted them to invest not only in bonds but also in common stocks that met certain tests. In 1951, New York State life insurance companies were permitted to make limited investments in common stocks, a practice which had been beyond the pale since the insurance scandals in the early years of this century. In 1952, mutual savings banks were granted similar authority. In fact, such banks were authorized to organize an investment company.
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50 per share, even though the company’s net assets had been reduced. In a one-class capitalization, the result is also favorable to the remaining common stockholders. Assume an investment company has outstanding 100,000 shares, with a book value of $10 per share, and it can repurchase 20,000 shares at $6 per share. It will in effect give up assets of $120,000 to buy back stock with an asset value of $200,000. The $80,000 “profit” is equivalent to $1 per share on the remaining 80,000 shares outstanding after the transaction has been consummated. True, in weak markets, the stockholder who desires to sell may find that he would be better off if the issuer were willing to make a bid, even at a discount.
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FX Solutions Named Most Popular Online Forex Trading Platform by Hexun – Consumer Electronics Net
FX Solutions ( www.fxsolutions.com ) was named ‘Most Popular Forex Platform ‘ by Hexun , one of China’s largest financial information portals. Hexun evaluated what it considered the world’s prominent Forex platforms on several criteria including
FX Solutions’ GTS Named Best Online Forex Trading Platform by e – Earthtimes
SADDLE RIVER, N.J. – (Business Wire) FX Solutions ( www.fxsolutions.com ) was ranked the #1 Forex trading platform in an independent research study published in the February 2009 edition of e-Forex Magazine . The study, conducted by e-Forex and
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5 million. The stock went up as high as 49¾ in 1961. Why all this sudden interest in a hitherto rather obscure industry? The answer is the newly realized growth in savings and loans. A look at some statistics proves this point. In 1958 the industry reported $55 billion in assets, a tenfold gain over the $5.
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