Word: offbeat
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Looking for an offbeat investment prospect? Well, consider a St. Paul company called American Hoist & Derrick. A typically depressed heavy-equipment manufacturer, Amhoist lost $21.8 million last year and is expected to wind up in the red again this year. Two of its primary markets, the petroleum and timber industries, remain sluggish. Its stock has been sagging in the bull market and now sells for $15, vs. a high of $26, reached...
Granted both cover serious and breaking stories. But such items often receive relatively little space or time. Instead, in USA Today, for instance, one finds daily columns like "Offbeat USA," which promises to give the "human side of the news." On August 30, "Offbeat" offered these "human" stories: "Iowa man munches 22 hot dogs in 2 hours" and "100 frogs are in woman's menagerie." And on September 6: "Residents are asked to adopt a pothole." Stories like these make USA Today the Muzak of print journalism. They won't challenge you, or make you think, but they'll pass...
...owner of Keezer's New and Used Clothing Store, died in July of a heart attack. Salo, who retired three years ago worked at the store since immigrating from Germany in 1938 and became friends with a large corps of Harvard students, alumni, and administrators who regularly patronized the offbeat Huron Ave. establishment...
...Addams Family; of cancer; in Beverly Hills. A promising starlet whose supporting performance as a love-starved beatnik in The Bachelor Party (1957) was nominated for an Oscar, Jones left the movies in 1964 to star for two years in the TV sitcom based on Charles Addams' offbeat New Yorker cartoons...
Said Mel Blumenthal, executive vice president of MTM: "Independent producers will become little more than robots responding to the whims of networks." Without being able to anticipate full revenues from syndication, producers argued, they would have no incentive to swallow losses on offbeat new shows. The award-winning Hill Street Blues, for example, is supplied to NBC by MTM at a loss of $ 1.43 million a year...