Danger for Hire
“Nancy exclaimed. “He lost a quarter of a million dollars in a few hours?”
“Yes.”
Nancy was incredulous. “Dad, how can that be? Tom’s company isn’t losing money—not yet, anyway. And it didn’t shrink in size overnight, either.”
Her father nodded. “True, but that company is owned by its shareholders. Those shareholders value their stock only as long as Tom’s company is able to show a profit.”
“So what you’re saying is that when the outlook for future profits goes down, the stock loses its value.”
...“Right. And because Tom’s fortune is tied up in his own stock, he’s losing like crazy.”
Nancy whistled. “Boy, that means in another day or two Tom could be broke!”
• • • After lunch Nancy started to dig. Her first calls were to the two warehouse managers. Both gave her descriptions and lot numbers of the goods that had been stolen. Stolen merchandise was usually sold, and that meant that it could be traced. It was a starting point, anyway.
Next, she rechecked the backgrounds of the guards currently assigned to the warehouses in question.MoreLess
“Yes.”
Nancy was incredulous. “Dad, how can that be? Tom’s company isn’t losing money—not yet, anyway. And it didn’t shrink in size overnight, either.”
Her father nodded. “True, but that company is owned by its shareholders. Those shareholders value their stock only as long as Tom’s company is able to show a profit.”
“So what you’re saying is that when the outlook for future profits goes down, the stock loses its value.”
...“Right. And because Tom’s fortune is tied up in his own stock, he’s losing like crazy.”
Nancy whistled. “Boy, that means in another day or two Tom could be broke!”
• • • After lunch Nancy started to dig. Her first calls were to the two warehouse managers. Both gave her descriptions and lot numbers of the goods that had been stolen. Stolen merchandise was usually sold, and that meant that it could be traced. It was a starting point, anyway.
Next, she rechecked the backgrounds of the guards currently assigned to the warehouses in question.MoreLess
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