Ling-Temco-Vought, Inc. - 1967-72 dated Stock Certificate - Involved in Aerospace, Airlines, Electronics, Steel Manufacturing, Sporting Goods, Meat Packing, Car Rentals, and Pharmaceuticals
Inv# GS5800 Stock
Stock printed by Security-Columbian Banknote Company. Ling-Temco-Vought (LTV) was a significant American conglomerate that operated from 1961 until 2000. At its height, it engaged in various sectors including aerospace, airlines, electronics, steel production, sporting goods, meat processing, car rentals, and pharmaceuticals, among others.
The company originated in 1947 as Ling Electric Company, subsequently rebranding to Ling-Temco-Vought, then LTV Corporation, and finally LTV Steel before its dissolution in 2001. In 1947, entrepreneur James Ling established an electrical contracting firm, Ling Electric Company, in Dallas, Texas, where he resided in the back of the shop. After incorporating and taking the company public in 1955, Ling devised innovative marketing strategies for the stock, such as door-to-door sales and a booth at the State Fair of Texas.
In 1956, Ling acquired L.M. Electronics, and in 1959, he expanded the company by adding Altec Electronics, a manufacturer of stereo systems and speakers. In 1960, Ling merged his company with Temco Aircraft, renowned for its missile production. In 1961, with additional investment from insurance magnate Troy Post and Texas oil tycoon David Harold Byrd, they executed a hostile takeover of Chance Vought aerospace. This merger resulted in the formation of Ling-Temco-Vought.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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