Word: lagerquist
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Dates: during 1932-1932
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Salvagers. With more zeal than comprehension, conscientious Wall Street neophytes for more than a decade have ploughed through Lagerquist's Investment Analysis. Last week many of them were surprised to learn that Walter Edwards Lagerquist is a man, not a book. Co- operating with George A. Rogers & Co. Inc., he formed a firm which took for its province all defaulted bonds, now estimated to total $3,000,000,000. Defaulted Securities Co. Inc. will attempt to place a salvage value on sour issues (presumably employing Mr. Lagerquist's famed methods of investment analysis), and then create a market...