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[Undine Boat Co. - "Closed for Annual Inventory"]
[Undine Boat Co. - "Closed for Annual Inventory"]

[Undine Boat Co. - "Closed for Annual Inventory"]

Artist (American, 1900 - 1974)
Date1939
ClassificationsCartoon
MediumCrayon and ink
DimensionsSheet: 12 5/8 x 13 3/4 in. (32 x 35 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.2256
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
Alan Dunn
1954
[Unidine Boat Co.]
[Unidine Boat Co.]
Alan Dunn
1939
"I'm sorry, but the Guaranteed Annual Wage is still at the verbal level."
"I'm sorry, but the Guaranteed Annual Wage is still at the verbal level."
Alan Dunn
c 1966
"You'll be all right in a few days. Just stay indoors, keep the windows closed, and stop reading the 'New York Times Air Pollution Index'."
"You'll be all right in a few days. Just stay indoors, keep the windows closed, and stop reading the 'New York Times Air Pollution Index'."
Alan Dunn
1965
"During the academic year just closed, a situation arose which, were it to be permitted to continue, as I am sure it will not be, could be fraught only with..."
"During the academic year just closed, a situation arose which, were it to be permitted to continue, as I am sure it will not be, could be fraught only with..."
Alan Dunn
1959
[Soldier being carried out of Montgomery Ward & Co. Building]
[Soldier being carried out of Montgomery Ward & Co. Building]
Alan Dunn
1945
[Console Organ Co.]
[Console Organ Co.]
Alan Dunn
1942
[Feet in windows of Engine Co. 30]
[Feet in windows of Engine Co. 30]
Alan Dunn
1947
[Apex Manufacturing Co. entrance]
[Apex Manufacturing Co. entrance]
Alan Dunn
1947
[Apex Manufacturing Co. entrance]
[Apex Manufacturing Co. entrance]
Alan Dunn
1947
"Dinner, Friday, with 'some nice Schrafftsy people' they met coming back on the boat?"
"Dinner, Friday, with 'some nice Schrafftsy people' they met coming back on the boat?"
Alan Dunn
1967
[Boy scouts using boat motor to start fire with out matches]
[Boy scouts using boat motor to start fire with out matches]
Alan Dunn
1952