Word: stocking
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Dates: during 2000-2000
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...some ways it seems that life continues as usual, and I'm trying to feel strength from the routine, but the truth is, life hasn't been normal at all. When the rioting started, I thought I'd better stock up on food and formula in case we need to go down to the bomb shelters. I went to buy diapers today, and they were almost completely sold out--I guess everyone thought the same thing. I bought diapers that were two sizes too big. Better to have them around, just in case...
...competitors have finally caught up. To make matters worse, the company's immensely proud, even arrogant corporate culture rebelled at management's latest attempt to reorganize--a revolt that cost the CEO his job and left big customers feeling neglected. The end result: the company's profits and its stock price are in free fall...
...wonder Wall Street has lost confidence in "the document company," as it rechristened itself a few years ago. Over the past 18 months, its stock has dropped from a high of $63 to as low as $6 (it closed up a bit, to nearly $9, on Friday); its market value has collapsed almost $40 billion to a piddling $5.6 billion. Xerox has cut its quarterly dividends 75%, to 5[cents]. As it's not currently welcome in the bond market, where its credit rating has sunk to near junk-bond status, Xerox had to tap a $7 billion revolving credit...
...three people left in this country who still has her savings in a passbook account, I have a lot to learn before I can teach my kid to play a financial instrument. I'm also worried about turning an innocent adolescent into a day-trading, stock-obsessed teenybopper...
Lynn Roney and Pat Smith are clearly dumbfounded by such cluelessness. They co-wrote the very helpful investing primer Wow the Dow (Simon & Schuster; $14), which is based on 10 years' experience guiding their two girls, Shannon and Danielle, into the stock market. It is their belief that investing is empowering, interesting and potentially profitable, and they've got spreadsheets to prove it. Kids are already expert consumers, say the authors, and so have the capacity to be successful investors...