Word: brandsness
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TIME'S considered advice: if you must smoke cigarets, stick to the standard brands.-ED.
The Others. Elsewhere the record was mixed, but more up than down. Typical up & down story: Standard Brands, showing new muscle under volume-minded James S. Adams (TIME, July 26), pushed its net for the June quarter to $2,234,000, 60% above last year; its big competitor, General Foods...
When Jim Adams left the soap business for the food business 18 months ago, lumbering Standard Brands' sales were running only 33% above their level in 1930, the company's first full year of business.
Its toughest competitor, big General Foods, with about the same 1930 sales, had almost doubled its business. During all this time General Foods had some 5,000,000 shares of common outstanding (and 6,000,000 authorized) v. 12,600,000 (and 20,000,000) for smaller Standard Brands. Result...
But the biggest reason why Jim Adams wants to get his stock out of the cat-&-dog area is because he figures that it will thereby become a more useful vehicle for expansion. Low-priced stocks usually attract small-time speculators who figure they get more when they buy 100...