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Show Enterprise Review , May 19, 1976 Page 6b Study Notes SLC Traffic Patterns Christensen Boosts Dividend continued from lb structed a blockade preventing through traffic on Main Street. Kano also noted, People are not using Fourth South to go East as much as they did in 1970. Traffic along Fourth South at Second East decreased by 22 percent while it increased along 2nd and 3rd South by 19 and 14 percent respectively. Kano said the Department estimated about 1.3 people Minutes before the annual meeting of shareholders of travel in each vehicle. That means about 224,250 people drive into downtown Salt Lake each day. That doesn't count the number of people coming into town on the bus, Kano added. Utah Transit Authority does not measure the number of people getting off the bus downtown. They estimated about 30,000 people board the bus, both inbound and out- each bound, day. ALL FORMS OF INSURANCE INSURANCE AGENCY Scott Paul 4 1 Business Phone: Residence Phone: 1545 South 11th East - - - - Salt Lake City, Utah LIFE - FIRE - AUTO WORKMANS COMP. - LIABILITY - BONDS Jerry 484-882- 277-296- New Concepts . . . Christensen, Inc., members voted to double the quarterly dividend to 10 cents per share. Company president Frank L. Christensen announced the dividend increase during the meeting. He said it "reflects the progress achieved by Christensen, Inc., the directors confidence in the future, and the companys strong financial position. Christensen also reported first quarter operating results ending March 31. Revenues were $25,138,000 for the first quarter of 1976 compared with $26,720,000 for the same period last year. Net income for the period was $1,853,684 or 39 cents a share compared Per share calculations were . . 1735 South 300 West -48- 7-4561 Some Familiar Faces! t Checking Accounts Savings Accounts Time Deposits Simple Interest Installment Loans Real Estate Loans Commercial Loans Travelers Checks t Money Orders Richard A. Grover, President HOURS: Mon. & Fri. 9 a.m. to 6 p.m. Tues., Wed., Thurs. 9 a.m. to 3 p.m. PIONEER BANK muouTNMOMtr airisniciTT.utANMin Drive-i-n wo Window: Weekdays 8:30 am. to 6 p.m. COMPLETE PRINTING SERVICE Letterpress Phototypesetting Creative Layout Design Lithography Business outstanding in 1976 and to the board. The $4,201,092 in. 1975. increase in the number of shares reflects the issuance of 600,000 shares of common stock in the company's initial offering in September 1975. Results Encouraging Christensen said, Operating results in the first quarter, a traditionally slow period for the company, were in line with expectations, and, in fact, were quite encouraging. The lower rate of sales reflected a decline in oil drilling activity in Southeast Asia and some softness in the United States. However, in anticipation of increases in drilling activity were and J.P. previous directors, Gibbons replaced Rosella A. Jakle. who chose not to run. Reelected were Frank L. Christensen, Edward M. Jenkins, Clark Romney, Robert L. La we, Adolf Baumann, and Harold J. Steele. Gibbons is chairman and president of Gibbons and Reed Co., and a director of Utah Power and Light, Co., Walker Bank and Trust Co., Transportation Safety Systems and Park City Mines. Christensen Inc. is engaged in the design, manufacture, marketing and servicing of diamond drilling products for the petroleum and mining industries. The company also provides contract drilling and other services to the mineral and exploration and construction industries on an internaSix during summer months, the company expects increased earnings for the second half of tional scale. 1976, he said. Shareholders elected man Intertypesetting Industry Commercial FULL COLOR PRINTING Stationery Pamphlets Brochures Forms $ WE HAVE THE KNOW-HOAND EQUIPMENT FOR YOUR PRINTING REQUIREMENTS W Phone (801 ) 487-065- Option Market News ' by Warren M. Krtchani , Vh.l). Prince. Ijiii Thrill rich & Greer Suppose we examine the track record for the past twelve months of three different hypothetical investors. One is an option buyer, one is a covered option writer, and the third buys only stocks on which options could be written. During this time the Dow Jones Industrial Average rose about 20 percent from 830 to 1000. Which investor do you think would have fared the best? Here's the record: The option buyer would have lost 72 percent of his money. The person buying stocks only would have made 15 percent. The covered option writer would have had his portfolio increase 22 percent. One concludes then, that if you are an option buyer, the cards are heavily stacked against you. If you break even in a rising market you are doing much better than the average. The covered option writer does better than the stock only buyer-eve- n in a moderately strong market. Obviously, the covered option writer would fare better than the others if the market were flat or down. For some, covered option writing takes some of the excitement out of the market. That it may; but it should be clear that it takes much of the risk out of investing while turning in a superior performance. This fact will turn more and more investors into contented COWs. . SERVICES t agements slate of nominees Traditional Ideals Pioneer lank Now pen! the with $1,874,695 or 45 cents a share for the first quarter of 1975. the New . New Bank with board based on 4,801,092 shares 1 Retail Merchants Name Ev Gray Manager After two years as director of Sales and Marketing at Rodeway Inn, Ev Gray' has joined the Salt Lake Area Chamber of Commerce as Manager of the Retail Merchants Association. Prior to her experience in the hotel industry Gray direct- ed public relations for the United Fund for four years. "I enjoyed working with 1952 West 1500 South Salt Lake City, Utah 84104 the business community then, and I wanted to get back into it. Its a challenge to be involved with the community service, she said. Ms. Gray was born and reared in Fillmore, Utah. She holds a B.A. from Utah State University in Social Work and Ev Gray, Manager, Retail Merchants Association. Business Administration. She is the mother of four children. |