Journal and Courier from Lafayette, Indiana (2024)

2D MONDAY, MAY 7, 2018 JOURNAL COURIER OXFORD, IN Sherman Lee Bice, 64, passed away on May 2, 2018, after a battle with cancer. A lifelong resident of the Oxford area, Sherman was one of six children, born on August 2, 1953 to Thelma (Thomas) and Francis Bice. He was always the ornery little brother. His stories of rotten egg fights, county fair pranks, and late nights in his Cuda, made us wonder how he ever graduated from Benton Central High School in 1971. With his charming ways, he convinced Mary Jo Muller to marry him on August 9, 1975.

Sherman and Mary Jo started their family while living in Ben- ton County. Sherman farmed and worked in construction during those early days of their marriage. He enjoyed playing in a softball league, golfing, and playing cards. They moved back to the Oxford area in 1985. Sherman then went to work full-time in construction with Gick Construction, then R.L.

Turner and Sons, before owning Bice Construction for 10 years. Sherman then went to work for Skillman Corp. as the Superintendent of construction for Prairie Crossing Elementary. When the building was completed in 2006, he transitioned to become the Director of Facilities for Benton Community School Corporation. His job in the schools enabled to him to see many of his grandchildren every day.

Sherman adored his his John Deere A. Every year, Sherman would load up a wagon with his mother, wife, daughters, and grandkids to pull behind the tractor in the Dan Patch Parade. When the parade was over, his friends would climb aboard for the annual hayride around Oxford Lake (or it could have just been the sewage treatment pond). Sherman had been a member of Oak Grove Country Club and Dan Patch Conservation Club. Sherman will be dearly missed by his wife of 42 years and his children: Danette (Lee) Lukaszka and Justin (Ashley) Bice of Oxford, and Genessa (Josh) Robinson of Fowler.

He leaves behind his nine grandchildren: Cole, Ava, and Brennan Lukaszka; Gavin, Hannah, and Logan Bice; and Lynlie, Lexi, and Luke Robinson. He is also survived by his mother, Thelma Bice, of Lafayette; a brother, Lin (Jane) Bice of West Lafayette, and sisters: Cindy (Lon) Garriott of Attica and Marcia Hawkins (late husband, June) of Lafayette. The list goes on with Mary ten remaining siblings, whom Sherm loved like his own, dozens of nieces and nephews, and too many friends to count. Sherman was preceded in death by his father, Francis, two sisters, Kathy Lou and Priscilla, and Mary parents, Mary (Gretencord) Muller Gee and Sylvester Muller, and her step-father, Gordon Gee. A wake will be held on Thursday May 10 from 4-8 PM at Fowler Christian Church.

The funeral service will held at the church at 10:30 AM on Friday May 11th, with burial to follow at Mt. Gilboa Cemetery. Sherman enjoyed taking his John Deere A to the Illiana Steam and Power show in Rainsville each July; memorial contributions may be made to the Illiana Antique Power Association (3618 Donna Dr. Lafayette, IN 47905) or the Dan Patch Days Community Festival Oxford Lions Club-PO Box 463, Oxford, IN 47971). Hahn-Groeber Funeral Home of Oxford is caring for the Bice family.

Mem- ories and condolences may be left at Sherman L. Bice Sherman L. 64 Oxford, IN 02-May Hahn-Groeber Funeral IN Additional information in display obituaries Obituaries appear in print and online at OBITUARIES AND DEATH NOTICES Name Age Town, State Death Date Arrangements OBITUARIES The Journal Courier publishes basic death notices and personalized obituaries for those with a connection to our readership area. Free death notices include the name, age, city of residence and arrangement details. Personalized obituaries are paid advertisem*nts and are written by family members.

Local funeral homes can provide families with information including costs of obituary listings. Obituaries are coordinated by the Journal Courier, call 765-420-5287 for details. Obituaries are online at Elon track record for techno- logical feats as chief of SpaceX and The Boring Co. has turned skeptics into be- lievers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel be- tween New York and Washington.

As CEO, his ambitious vision for elec- tric cars has also earned him a faithful fol- lowing. But now Wall Street is taking a more practical tone, increasingly questioning assertions of when the company can turn Tesla may ultimately be forced to sell new shares of its stock or take on more debt to bolster diminishing cash. Shares in the electric car company slumped 5.5 percent Thursday, a day af- ter it reported its results and after remarks during an ana- lyst conference call left many investors scratching their heads. The stock recouped some of its losses Friday, closing up 3.4 percent at $294.09. Tesla shares are still up more than four- fold over the past years.

The 500 has risen about 65 percent in the same period. Concerns, however, remain. a look at some of the more pressing ones Wall Street has laid out for the former dar- ling of the investment world. Cash burn Tesla is not turning a which means it has to use cash to pay the bills. The big question from investors: Does Tesla have enough? Tesla went through nearly $400 mil- lion during the three months of the year to make its cars, pay its sales and cover the other costs of running its business.

Another $656 million went to spending on equipment, facilities and other capital projects, for a total of slightly more than $1 billion. Analysts call this situation free cash and it helped cut cash balance to $2.7 billion at the end of March. If the company keeps burning through its cash at the same pace, it could run out within a year and be forced to sell more of its stock or borrow money. Tesla says it come to that. The company expects to take in more cash than it spends in the second half of this year.

Some of that will likely be due to planned spending cuts on machinery, equipment and other capital expenses. Debt Reining in spending will help, but Tes- la still faces hefty debt payments over the next 12 months. The company has to pay back $1.3 bil- lion in debt that comes due later this year and in early 2019. And to do so, while cov- ering its expenses, it will have to raise or borrow $2 billion, according to analyst Bruce Clark. spending and reliance on debt also have analysts at Morningstar con- cerned.

Last month, Morningstar Equity Strat- egist David Whiston wrote that ly Tesla will have to raise more cash. if the capital markets close to them, then the recent plunge in the stock price will look trivial compared with what will happen Whiston wrote. Production issues Tesla expects it will become later this year. But that hinges on a big To do so, Tesla has to ramp up production of its Model 3 electric car to 5,000 units a week. The company says it may reach that level in about two months.

Just prior to a planned shutdown in mid-April, Tes- la was producing Model 3s at a rate of more than 2,000 a week. To get there, Tesla will need to smooth out problems encountered as it tries to make the production more automated, a process that it calls the that builds the Tesla acknowledged Wednesday that it was overly ambitious in its and that it a mistake by adding too much automation too One ex- ample Musk gave was of a machine that placed mats on top of battery packs. The company found that human hands are better than machines at pick- ing up these pieces of which Musk said look like In response, Tesla stopped using the and dialed back automation in other areas, bringing back some hu- man workers. That raises costs, reducing the Tesla can wring out of the cars. Investor A big part of share price is in- faith in Musk.

poured money into Tesla stock on the belief that the CEO, who pre- viously helped nurture PayPal, can revo- lutionize the auto industry. But some of that investor might have been shaken following behavior on a conference call with Wall Street analysts Wednesday. At one point, as analysts peppered Tesla executives with the usual litany of questions about the opera- tions, Musk dismissed the queries, saying that boneheaded questions are not He later cut the ques- tions from analysts, saying, kill- ing He then went instead to a self- described who runs a You- Tube channel and was asking questions on behalf of retail investors. Wall Street did not take too kindly to the remarks. feedback is that the perfor- mance shook which ar- gue is an important piece of the Tesla sto- RBC Capital Markets analyst Joseph Spak wrote in a report.

Morgan Stanley analyst Adam Jonas called it the most unusual call I have experienced in 20 Why Wall Street is worried about Tesla brusque dismissals on call rattle shareholders Stan Choe and Alex Veiga ASSOCIATED PRESS Tesla is a company of big ideas, but its stock tripped Thursday because of practical concerns, including its inability to turn a and CEO Elon attitude toward the people funding his vision. JOHN.

Journal and Courier from Lafayette, Indiana (2024)
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