In the bull market of the late 1950s, one of the rampaging stocks was Ampex Corp., a Redwood City, Calif., company that manufactures recording equipment ranging from videotape for television stations to magnetic memory tape for high speed computers. From 75¢ a share in 1954, Ampex stock shot up to 45⅜ in 1959 after two stock splits. Then, in 1960, Ampex suddenly lost its magic. Its one-time profits turned to a $3,930,000 loss, and its stock plummeted.
Today, Ampex is well on the road to recovery. This year the company expects to earn $3,500,000...
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