Outboard Marine Corporation - 1957 dated Maritime Stock Certificate
Inv# SS1283 Stock
Stock printed by Columbian Bank Note Company. Outboard Marine Corporation, often referred to as Outboard Motor Company, was established in 1929 through the merger of ELTO and Lockwood-Ash Motor Company. The company began using the name OMC in 1956. Based in Waukegan, Illinois, Outboard Marine Corporation became the world's largest manufacturer and supplier of outboard motors and the second largest producer of powerboats. It was renowned for its brand-name Johnson and Evinrude outboard motors, as well as its Chris-Craft and Grumman powerboats. Additionally, it offered products under brand names such as Four Winns, Seaswirl, Trade Winds, Sunbird, Stratos, and Hydra-Sports, which included fiberglass runabouts, cruisers, performance boats, and offshore fishing crafts. Outboard Marine also marketed boating apparel and resort wear. However, during the late 1980s and early 1990s, Outboard Marine faced challenges in maintaining its competitive edge, particularly against its major rival, Brunswick Corporation, which is currently the world's largest manufacturer of powerboats.
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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