Fri 30 Jul 2021 04.00 EDT
If you wanted to date the moment one of the biggest youth subcultures of 80s Britain arrived, you could pick 40 years ago this month, on 4 July 1981. That night, at the Marquee club in Soho, a few hundred kids gathered to watch a band who were almost singlehandedly kickstarting a new wave of alternative music. Waiting for them to come on, those fans launched into the song that served as their heroes’ unofficial theme, from David Lynch’s Eraserhead. “In heaven, everything is fine,” they sang. “You’ve got your good things, and I’ve got mine.” A few months later, that chorus opened, and gave its name to, the first LP by the Meteors. And as their frontman would later claim, “Only the Meteors are pure psychobilly.”
1. Company Background
1.1. Founded in 1923 in Concord, New Hampshire by two mechanical engineers, James Gaines and David Scarboro.
1.2. The company designed and manufactured machinery parts including metal presses, dies and molds in the earlier year of operation.In 1940s, Gainesboro produced armored-vehicle, tank parts and war equipments for the war effort.
1.3. In the early 1980s, they entered CDM/CAM field.
1.4. In 2004, company’s revenue decreased by 17% and dividend payout exceeded earnings.
1.5. In the mid- September 2005, the company’s stock has fallen 18% to $22.15 due to post impact of the Hurricane Katrina.
2. DIVIDEND POLICY
2.1. Zero-dividend Payout
2.1.1. Opportunity: due to high investment & reshuffling the company structure will incur high cost. However foresee the company competency called as blue chip, market is expected that the revenue will be greatly appreciate for a long-term interest.
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