PSR valuation gains traction in 1990s market
Analysts increasingly favor price to sales ratios as a early screen for value amid volatile earnings. Morgan Stanley and others note PSRs help in slow growth, high competition environments, with historic norms around 1.0 and 0.4 during 1981 82 bear markets. Projections see PSR rising toward 1.0 if inflation expectations ease.
MENTIONED IN THIS ARTICLE
Thomas McManus
Morgan Stanley & Co
Psrs
Michael Metz
Norman Weinger
Oppenheimer & Co
Metz
Weinger
McManus
Standard & Poor
S&p
Alan Greenspan
Federal Reserve
Markets await Fed move as rates set to rise again
Washington economists say the Federal Reserve faces pressure from bond and currency turbulence to lift short term rates sooner and more sharply. A likely half point increase is anticipated at the May 17 meeting unless further dollar weakness or inflation data shift views.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Greenspan
Fed
Central Bank
Tion
Lyle E. Gramsey
Gramley
Commerce Bank of
Kansas City
N.A
U.S
Commerce Bank
Willie C's to Open Tex Mex Cafe in Downtown Wichita
Willie C's Cafe and Bar plans a 6200 square foot Tex Mex restaurant at 616 Vt downtown Wichita. Construction should start this summer with an October opening target and a brick style 19th century industrial look. The owner, Bill Rowe, aims to reflect local history while expanding to Topeka and Lawrence sites.
MENTIONED IN THIS ARTICLE
Willie C
Griffin Ice Plant
Bill Rowe
Lawrence
GE Capital Raises Bid for Kemper to 60 Per Share
GE Capital Corp boosts its takeover offer for Kemper Corp to 60 a share, up from 55, valuing the deal at about 2.2 billion. Kemper, a money management brokerage and insurance firm, hadn't endorsed the proposal and will review the new offer. The companies agreed to delay Kemper’s annual meeting to August 22 while GE reviews Kemper’s books and seeks to replace four of Kemper’s 13 directors.
MENTIONED IN THIS ARTICLE
Cuicaco (Or
General Electric Co
Kemper Corp
GE Capital Corp
Kemper
Janice Kalmar
Long Grove
Nies
Fairfield
Conn
GE Capital
United States
Fidelity tests infomercial push for mutual funds rollout
Fidelity Investments launches a 30 minute TV infomercial in Cincinnati Sacramento Salt Lake City and Fort Myers Naples for four weeks to gauge audience appeal. The program features Fidelity portfolio managers and promotes a free investment planning kit including a Fidelity Asset Manager Fund prospectus. Costs are undisclosed but likely under one million dollars given in house production and limited markets.
MENTIONED IN THIS ARTICLE
Fidelity Investments
Cincinnati
Sacramento
Calif
Salt Lake City
Fort Meyers/Naples
Florida
Fidelity
Roger Servison
Fidelity Portfolio Managers
Fidelity Asset Manager Fund
Ex-BCCI official Naqvi charged with bank fraud in US
Swaleh Naqvi former chief executive of Bank of Credit and Commerce International was arrested in Abu Dhabi and flown to the United States. He faces three counts of bank fraud with potential up to 35 years in prison and 750000 dollars in fines. The case ties to the BCCI scandal involving Noriega’s bank and connections to US politicians.
MENTIONED IN THIS ARTICLE
BCCI
United States
Swaleh Naqvi
Bank of Credit and Commerce International
Persian Gulf
Abu Dhabi
Justice Department
Naqvi
U.S
Boeing loses NASA contract to Computer Science Corp
NASA awarded a renewal worth over 1 billion dollars across eight years to Computer Science Corp of Arlington Virginia, citing the lowest bid. Boeing, whose Huntsville Alabama Computer Support Services unit supervised the contract, will transition most of its 873 employees to the new suitor.
MENTIONED IN THIS ARTICLE
Boeing CO. Nas
NASA
National Aeronautics and Space Administration
Computer Science Corp
Arlington
Computer Science
Ed Henke
Marshall Space Flight Center
Boeing
Huntsville
Ala
Stocks of Local Interest Update
Local stock notes urge dialing 865-5000 for quotes and report that the market update is available on 6730. Readers are advised to watch for Saturday's Journal-World market wrapup.
MENTIONED IN THIS ARTICLE
Journal-World
Midland Elevator Wheat and grain prices and Omaha market quotes
Market update shows Midland Elevator at 3.42 for wheat 2.56 for corn 4.11 milo and 6.85 soybeans. Omaha Livestock Market reports hogs 50 higher with varying ranges, cattle and calves down, sheep lambs steady, and extensive price ranges for slaughter cattle and hogs.
MENTIONED IN THIS ARTICLE
Midland
Omaha
Ree
Aryyusva
U.S
Helfers
At. Joseph
Also Mentioned on This Page
N.y.times News Service
Topeka
Kansas
Willie C’s
Rowe
Oklahoma City
Tulsa
Neb
Mutual Fund Company
Prey
Allie
Applebee's
O'Reilly Auto
Payless Cash
Buckle Inc
JC Penney
Casey's
Pepsico
Quaker
Dayton-Hui S Ya Ai
Fleming Sallie Mae
FMC
Santa Fe
Sealright
Goodyea
Beth AM
Sears
Hercules
Williams
Merck
Woolworth
Edward D
Janes & Co
the Money Small Investor Index
Tastoon
NYSE
al Dca
Bank Rate Monitor
The
Federal Reserve, Investment Company Institute
Lehman Broa
Lipper Analytical Services
Omaha Livestock
St. Joseph Livestock
Dodge City Livestock
New York
London
Nyc
Handy & Harman
Comex
Morantys
Newark
N.Y
Canada
France
Germany
Japan
Mexico
Switzerland
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