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Newspaper
Rio Rancho Observer
Location
Rio Rancho, New Mexico, United States of America
Date
Jan 29, 1981
Page
6
Reagan's presidency may boost energy deregulation and corporate tax incentives, lifting oil, offshore drilling, and related stocks. Expect stronger net worth, higher price earnings ratios, and broader market gains. For new investors, go slow, seek broker guidance, and research buys and sells.
New Mexico Financial Corporation paid its 12th consecutive dividend after strong 1980 gains. President James Trump reported stockholders’ equity at 1.546 million, up 15 percent from 11.024 million year end 1979, with earnings at 2.170 million, higher than 1979. Chairman G R McNary noted high interest rates boosted real estate, while NMFC, the state’s largest savings and loan holding company, owns Sandia Savings with offices across Albuquerque and other cities. Sandia Savings North was approved for purchase last December.
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