1987 10 16 20

10 16

100

250

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18

20

48 108.36

508

100

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42

1500
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12 1988
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108 508

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81 7/8
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3/4
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$
$
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6
60
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10000 13040
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10000
21060 110.6%

11

1977
1982 8
1
1000 10
100 5 200
10
10
10

312
39 [312/8]
8 1977 2
25 25

312 156
39 6410
100

1982
270
1539 10000
47000
1976 180 10

180 10
18 1987 10 4672.5
10000 250000
1973 31
11.98 371.38
23.21 4363.08
10000 107500
1969
980
980 1987 14352.19
10000 137000
1982
2000 2000
1987 11950

50

2000
2000 1972

70
70

6 1
1 12

50

250

3000

275
275

3000

7 3.5 1500

10 5

1500

1979 12 50 1983 9

 20 9
5
52 7/8 52 7/8
100 10000

275
275

400

1987 508

2000

50 1987
16
25

8
2
10

S C
16
60
4
15

50

1983
65 1.75 1988

12
20

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21

ATT

 1944 1 19

1987

1000

30
1929

50 60
80

50

1955 7 7 467
460
11

10 5

1963 7

85
150

32 3/4
5

100

100

C
C

1958 1965

1966 5
960 9
800

20

1968 5 11

13.93

1967 1969

6
6

1969
1974 6
250 1977 5
899 5
801
2000
40 25
60 6
100 150

150

7~11
K

1400

90

11 2500

70%

1972 1974
1969 1988
17

30
45

99

1969


1974

T
1975

1979
0.6%

1981 400 6
7
1979 50
1983 9
18
1984 5

1985
15

52 7/8
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1969

1982

1983 12
1987 30 3/8
1978

70
1977 1986 25

1981 1
1985 9 1/2
5 50
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36

46

7~11 , N

50

40

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30

4 4

52
32
34 7/8
25

1967

50 25

10
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RR

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90 100

10
40 4
5%
20 5000 40
2500

 1
2000 1.75
3500
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500

3.5 30

90 8
5

90

1985 6
98%

15
R 6

19
11
1400 100

1987 10

1626 24
362

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300 30
281

562 29

8%

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2

20 20 15
20 4%
16% 8%
1980 20
1 16%
20

1971

5%

1978
6%
1987 17%, 5%
22%
1986 9 29 1775 1987 8 25 2722

1738
10 19
6.12%
5.25%

1927
9.8% 5% 4.4%
3.4%
3%
6.8%

9.8% 5%
1927
20000 60 5%
373584

9.8% 5459720
60 1929 1987

1927 1000
60
7400

13200

17200

272000
10
15
30

RCA
1986
66.5 1967
1929 38.25 74% 57
1%
1958 60
1896

1916 1924
1925
1927 1928
20 30
1929
RCA
RCA 1950
1959

1972
1974
9 4
11 3 13
4
9.8%
1966 995.15
1972 1972 1973
1982

99.9%

30 6%

100%

20

1929 20 60

500

*
*
*

8 70

1963 10000
31338
44343 53157
76556

7 70 10 700

99%

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11
2

20% 10
5% 25%

40

10 100
10%

87%

10 20

10% 3%

1972
15%1974
65%1977
10%1982
55% 1987 10 19
80%

30 60
70 1987
1990

1987 10

8
35% 1987 8 40%
12 11% 1%

50%
50
60 40
60 40 50%
50 60

40

E F

1987 1000

10

1000

1973 1974
9%
9%

60000

C J

1981 7 1982 11 16

14% 15%
20%

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30

10 19

5
100

1990
1994

15%
30%

1000 2000
3000

1925 1929
1936

60
7 4900
2000 140
700

 80
1981 2
1 40 1 20

95%

1983 22 1984 1.875

80

1983 9 1984
4

LTV
LTV 1981
26.5 1986 1.125
10 50
LTV

80

35

180000
900
1981
11% 1982-83

6
40 600 10
54

180000

1976

1977 7.5 1988 72

1974-76 4 7 1977
11
72

60

SKB

80 1983

1983 7.5 1987

30

1982 18.5 5

40%

612

100
30

30354050
1989 93.5
1988

20

80

1977 40
1986 40 9 100
138
50

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KLM 500

5000

70

1988
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1977

1988 1 21-22
8 14
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50 42
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12 6
70

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1 1

9 390
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10

USX

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50 60

70

20

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80
1963
25

15

80

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60

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AMP

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1982
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1
2
3

1974 10 3
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1979 1985

7
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15 1988 10 38

 R R
R
57

1976
14 1/2 170 2500
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1976
2700
300

20

30

70 20 80

20 10
200

19

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30
30 30
3030-30=0
1977
12 10 31 250

15 200
10 400 5 1000
2200

1986
1987

 CNN

10
10

LTV

80

1976

1970 12 47 7/8

44 1/2

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1978 14 1982 8 17
17

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100

20

10

4
33

16

1985

1986 PVC

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1987 2 1988 2.5
1985 9 3 1988
36 7/8
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1988

7
1983 11 1988 10
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MCI
8

296
100

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:
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100

461 121 76
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1986
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12

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12 3 9

13

1987 10 20

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60

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60
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CVS,1976 1981

1965 21 1982 1

1956
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150

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1987 130
1974

KMS 1980 82
1984
1985
1986
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81

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89 71 1/4

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25

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SCI

SCI

R UAL

1979 1983 2 42

10 20 100 ?

?
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10

1971 1975 1985 1988

1975 1985

1983 3 1972 140

1973
10

800 1958 1987 1300

116 29

70

1983 1987 1987

;
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 P/E

1988 9 13

%
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10

100
4696
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12 K
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10
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40
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P/E P/E
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14-20
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 P/E
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P/E 1972
75 P/E
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1972 75
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60
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40 P/E
64
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1981 19 1973 P/E
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2
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10

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.
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15
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11

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1986 9 13

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100

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2

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1987

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100
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22

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1987 40
27 15
1988

16
2.8 14 16 2
5 40 5
15

TRW

TRW

1987
184.92
17
75% 25%
180 17
91% 10%

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GCA
1985
GCA 20 12
16 8
GCA
1.14
300 7300

7300 2000

1700 3600

8 36
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4

GCA

11

15
20 30

14

10 3.36

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40 4

4 24

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30

1987
10

20 2 10%

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10

1791

20 30

1982 25 4
1

20 10

60

1976 3200 40
6
3000

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4 10

866000
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866000 163000

5
2
20

4 3 1
4
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50 10

70 7

1987 7.83

30
6.4 415 19

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1 130 14 300
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1988 80
0 1100
CSX
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40

45

4.5

2 5

250 250
300
4.5
4.5 250
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60

 27 27

4
0
1987 63
50

17
17 17

?
10 13 14
10

12
18 6
18

25%
8
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4

2
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29 38
9 35
15
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10
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50%
1979 5 1985
29
10
10

1
8
8

20 1
2 10110%
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4 51
20 10%

20

2.5 / 8

24.5

1011
7
10 7
20 10 70

12

10
1000
4000

LIFO FIFO,
LIFO
(LAST IN,FIRS OUT)FIFO FIRST

IN,FIRST OUT, 30 40
400 450
LIFO
50 450 400 FIFO
410 450 40
GIGOGARBAGE
IN,GARBAGE OUT FISHFIST IN
,STILL HERE
LIFO FIFO

10% 30%

35000
3500 300
3

USX 85 73
23
38 15

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4 ?
747
?

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4%
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20%

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1988 10 30 ?
130
1988 20
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5

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15 ?

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20
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1
A( 20%)
B( 10%)

1 1
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1.73 1
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2.49 1
1.61 1

3.58 1
1.95 1

6.19 1
2.59 1
A 20 1 20
123.80 6.19 20 B
10 1 10 26
10
A / 20 1510
92.85 1 A B.
A 25% 9.31
/ 15 139
30% 3
10
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10

20%40%
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1987 716 73.8
10.3%

3.6%
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10% 10%
A 2% B
-8%

100

100
110 10%
80
92.4 5%
20
17.6
B

100
110 10%
98
102.9 5%
2
7.10
A 50% B
3

2
40
1983
42 1/2 1984 5 5/8

700 670

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P/E
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P/E 30
12 1972 1982

20%

P/E

HBO

5 1983

12
1 4 3/4 1 3

1986

1987
2 48 1/4

?
1988
15

50

1987
4

1718 1 1987
9
1987 1988

1987 48 60
10 35 37 1988
55

1
P/E
2

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16
16 16

P/E
2

1977
1984 1987

1973-74
1982 1984 1987
1973-74

P/E
3

34
34

2
20%25%
25% 50%

49

5
P/E
6
3 5
5 3

70 80

1983
42 6
7

1
2

2
3

1980 8.04
L-1101 6.54
L-1101
DC-10 747
198112
1981 26
1982 10.78
1.5
10.78 L-1101
15 4 60 4
1983 10
1983
5

101 124
4 176


60 100 40

25%30%

30%
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30%

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9% 10%
500
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35
500

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100
100

1 2
4
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10
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12% 15%

1400
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90
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12

3 10

1 10

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1979

4
1988 44

30% 40%
10% 20%
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1400
100 2/3 200
1% 500

50%
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200%300% 500%

10 80% 90%

10

400%
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15

4
4

70

30
15% 10

EDS 1969
500 15 20 1974
40 3
1984 44
10

10

1972 ?
?

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6
30% 4 6
25% 4

50%

25%
25%

10%

10%

?
10
10%

10
12

1987
1987 10
1000

16
15

1977 5

3% 26

6 26 32
26
32

38
26 32
38
50 60
70 180 1983-84
60% 38

R
1978 R

1 1 1985 R
25 25

?
R 20%

5
1 5 5

 1 5 5 1 25
25

R ?

10%

M-1
M-1 M-1

 M-1 -1

M-1

M-1 M-1

M-1

?23%
26%
51%

1986-87

380
212

30% 50%

10

?
15%
11% 12%
?

?
25%

50%

?
12

10
/

40 CEO 3
CEO

P/E 50

10 2 1

40
20

?
3%
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12

?
P/E 30
15%-20%

2 5 10
1987 48

10

4 8 12

18
45 400

2500
?

?
50%

96000 5

?
5% 9% 15%
32 1987 10
16 7 30

???
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2 3 4

10%
?
2000
1200
?

5 25% 60%

143 1/2 1/3

100 90 80

75
50

1 143 1/2
14 1/8 14 1/8

1971
25 13
500
11
10
8