Kossuth County Advance from Algona, Iowa on December 26, 1966 · Page 7
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Kossuth County Advance from Algona, Iowa · Page 7

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Location:
Algona, Iowa
Issue Date:
Monday, December 26, 1966
Page:
Page 7
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Page 7 article text (OCR)

0. Steuffer Pood* «tdck brlee* hive taken quit* e dip elite* it* president remarked that quar< terly taming* will not reach their predicted amount. How do you explain this when the company hat had excellent growth end aggressive development for tome time? A, Stoitffer Foods has been selling at a relatively 'high price earnings ratio, 'dividends have been rather small. This indicates to me that investors have been buying it as a growth stock, And Stouffers has been growing at more than the normal rate the last few years. But, when such a growth company experiences problems, people tend to hold back further purchases until they are satisfied the problem is temporary and will be overcome by the management. ' In addition, in Stouffer's case, the cash dividend was eliminated. This reduced 'the interest of people in the stock who want some immediate return for it. Q. How can I tell when a growth company i* about to stop or slow up in its rate of growth? A. A company's growth is usually due to the drive of management. In a very small company this might ba the aggressiveness of just one man. If he —or the group of few men at the top—leaves the \ firm, you might be on guard to see if the company maintains its upward trend. Unfortunately, this might not be immediately discernible. You may have to watch the company for two br three years to be absolutely sure of which way it is moving. Where a management has been "growth" motivated, watch for a change in dividend policy. If the management has been MONDAY, DIC. 24,1W4 vance paying out only a small fraction of earnings as''dividends and then begins to pay -70% to 80%; it's likely they are not planning on building more new plants. i I see many' companies growing today by buying up other companies. It is a good idee to invest In a company be* ceuse it has just bought another company? A Not necessarily so. Some companies buy other companies and after a few years sell them off or. go bankrupt because they weren't able to operate them successfully. When, you become interested in a company because you've read that it has bought another company, look. at it's history. If it has bought companies before and made a success out of running them then, buying it - providing you pay; a reasonable price - is probably a good idea. Textron, Litton, and I. T. & T. are illustrations of companies which have prospered by buying other companies and operating them successfully. If the company has not been successful with a past purchase or is making it's first purchase, I'd stand on the sidelines for a while until it proves it is successful in <this kind of operation. Have you a question about investing? Mr. O'Hara, editor of the monthly magazine, "Better Investing",-and one of the nation's recognized authorities, will answer as many as possible in his column or by personal mail, but most limit questions to those of more general inter est. Correspondents will receive a free copy of "Better Investing."-Write to T. E. O'Hara, National Association of Investment Clubs, Dept. S., Box 1056, Detroit, Michigan, 48231. Youth project approved for Kossuth area will make the final decision as to most deserving to be enrolled in each community. ' The enrollees will be employed in the schools, hospitals, Soil Conservation Service, town governments, County Park Commis- Advertise in tho Advance Largest PAID circulation The four-county O. E. 0. offices at Emmetoburg has received word that the Neighborhood Youth Corp project was approved, M. Peter Hart, the local di rector, was notified by phone from Washington Dec. 21. The total cost of the project s $80.990. The cost to the federal government is $69,720. The difference between the total and' federal cost is made up by the ime that the supervisors donate ;o train low-income youths in jheir jobs. The program will serve the Pour counties, Emmet, Palo Alto, Pocahontas, and Kossuth. It will employ 74 low-income youth while they are attending high school. These in-school enrollees will work 15 hours per week. This employment is intended to help keep the youth in school. There will be 30 youths be tween the ages of 16 and 21 en rolled in the out-of-school phase of the project. These are dropouts or handicapped young per sons. This employment experience is intended to prepare them for further employment. A summer phase will employ 35 youths for a nine week period this coining summer. The out-of- sohool, and summer . enrollees will work 32 hours a week. All enrollees will be paid $1.25 per hour. D. Craig Ford, the 'four-county assistant director, will be the Neighborhood Youth Corps Project Director. Each of the four counties has a Neighborhood Youth Corps Committee that sions, A. S. C. S. offices, and tension offices. All work stations must be non-profit org&htti tions, either public or piivatef ••••••••••••••••••eeeef* SERVICEMi ••••••••••eee«eeee»*eef> Marlyn L. Helmere (! v PHU BAI, VIETNAM <M NC) Dec. 14—Marine Priv First Class Marlyn L. Helme|s, son of Mr. and Mrs. R. Heli of 312 Lowe St., AlgOna, Is serving with Headqu and Service Company, First talion, Fourth Marine Regir Third Marine Division, PhuBai, officers and men of the regiment have operational contra over ,fche eight Naval Construction Battalions operating in the First Corps area of the Republic of Vietnam. These battalions, in Mm, provide construction support for the Third Marine Am phibious Force and Naval Fore es in this area. >«»»»»e»«eeeeeeee«e»»eee tion of oMicefS for the coming ear. Worthy Matron elected was Mrs. Thwrman (Jaskiil, Wor< hy Patron, Jolhft Voss, Jr., As- ociate Matron, Mrs.- William tfeyersj Associate Patron, Willam Meyers, Secretary, Mrs. John Voss, Jr. Treasurer, Mrs. William Wood, Conductress, Mrs. Jim Mullins,' Associate Conductress, Mrs. Herman Wise The Masonic Lodge held their December meeting, in their Corwith Mrs. Harry L. Maw is engaged Vietnam. The company search. and destroy missiajjs against the enemy and* a <|e- termiined effort to win the pejo- ple to the side of the legitimate givernment of South VietnaJtt. At the same time through§a constant effort the Marine*;pr vide medical aid for the peo^e and teach them to help selves through better sanitation and health programs along with other projects designed to raise the living standards of the Vifet- namese. George G. Vitzthum DA NANG, VIETNAM. (FHT NC) Dec. 9—Construction Apprentice George G. Vitzthum USNR, son of Mr. and Mrs George E. Vitzthum of Irving ton, Iowa, is serving in Vietnam with the 30th Naval Construe- •tion Regiment. -I Working from the regimented •headquarters at Red Beach near the ^city of Da Nang, ,tht John Daniel, ST., is a patten tt the University hospital owa City. The Eastern Stai; met in reg ular session at their regula meeting, New business was elec Paul F. Johnston, Stipt of Public Instruction after coriipleting U yeafs of driving buses for the election for the coming year were, Worshipful Master, Will iam Meyers, Senior Warden Herman Wise, Junior Warden C. W. Fairbands, Secretary Charpel Hauswirth, Treasurer Thurman Gaskill. Birthday Club met Friday a the home of Mrs. Don May Guests were, Mrs. Dick May Mrs. Glen Sloan, Mrs. Rober Oxley, Mrs. Robert Mitchell Mrs. Harold Green, Mrs. Jewry Oxley and Mrs. Roland Hankins Safety Loroy J. Schumann, Westside, was awarded a Service Award for School Bus Drivers from schools recently. Mr, JACK'S OK TIRES Algona, Iowa ^tt^ O'' '.?'*'* Christmas spirit is °^ singing out all over the land. We add our voice, wishing you and yours the finest of holidays! Have the Merriest Christmas yell ALGONA BARBER SHOP ALGONA, IOWA K*!ix^^*&*V^*&^0&«&^<m**.**i>:*!& Whet want from Santa is more great people like you! Muy, many thanks! SURE-SAVE MARKET ALGONA, IOWA EAKLEYS STARTS TUESDAY, DECEMBER 27 5 BIG DAYS—Ends Saturday, Dec. 31 Open Tuesday Night Until 9 P. M. Drastic Savings on all Famous Fall & Winter Apparel DRESSES •) MUtei 10*90 • Junior 7 • 15 • Half jig 1 /*-341/9 9 Meternitief Reduced COATS •) All Purpose-Coats e> Fur Trimmed a) Untrimmed g Car Coat$ Reduced Sportswear e) Sweater* • Skirts • Slacks 0) S louses Reduced Lingerie • Robes • Slips e) Sleepwccir • Bras Ik Girdles Reduced Accessories f> Millinery 0) Jewelry • Purses e> Gloves Reduced Childrens COATS a> Snow Suits a) Car Coats 0) Girls Coats a> Sizes 3 to 6X 7 to 14 Reduced Childrens DRESSES e> Infants Q Tiddlers • 3 to 6X a) 7 to 14 Reduced Girls Sportswear a) Sweaters • Skirts • Slacks a) Headwear Reduced Boys Department e) Sweaters • Skirts • Slacks • Suits Reduced Save SHEAKLEYS Algona—Save ^ffltffF sililHP fJiBliiiP fJililBHBlPB VMRIP fJHB^iF ^flNHlR VMiPV ^^jfjfiff Wlli^ifHBP ^•^•••••i ^IT^I^P^

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