Bally Manufacturing Corp
Article Abstract:
Bally Manufacturing Corp is based in Chicago, IL, and operates casinos, hotels and physical fitness facilities. Bally Grand Inc, a subsidiary which operates two Nevada casinos, has been under involuntary bankruptcy since Nov 1991. Bally's other troubles include a $140 million IRS case and a $24 million lawsuit involving Robert E. Mullane, its former chairman and CEO. With International Thoroughbred Breeders Chmn Robert E. Brennan becoming Bally's major stockholder, a battle for control of the company is possible. Such an occurrence would would put more strain on the company's tenuous position.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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La Quinta Motor Inns, Inc
Article Abstract:
La Quinta Motor Inns Inc posted $27 million in net charges for the Sep 1992 quarter. The company also lengthened the depreciable lives of its facilities from 30 years to 40 years. The highly leveraged motel operator showed significant gains in operating income and revenues for the Sep 1992 quarter and the nine months through Sep 1992. The stock is currently pegged at 19 1/4, a 40% rise from its 52-week low. Three insiders bought 14,120 shares at 18 7/8 to 19 last Oct 27, 1992. La Quinta Motor Inns has no dividends on its 13.2 million shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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La Quinta Motor Inns, Inc
Article Abstract:
An estimated 1.3 million La Quinta Motor Inns' (LQM) shares were sold by Sam Barshop to LQM's major investors at 14 1/2. The company is saddled with a $350 million debt load, but is expected to rebound as 3rd qtr 1991 earnings per share rose from 24 to 42 cents. Higher occupancy rates for the company's 210 motels in 26 states have been increasing. Additionally, a $4 million annual operational savings is expected to result from a previously implemented 16% labor cut.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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