bit

(redirected from bitting)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia.

bit

1. n. a jail sentence. (Underworld.) Mooshoo did a two-year bit in Sing Sing.
2. n. a small theatrical part. (From bit part.) It was just a bit, but I needed the money.
3. n. any part of an act; any isolated activity or presentation. I didn’t like that bit concerning penalties.
See:
References in periodicals archive ?
Bitting noted that 75% of Pabst production is now outsourced to Miller, and said this "virtual brewery" arrangement will reduce risk and optimize working capital.
Bitting described Pabst as "a lean corporate organization" and said the company has very little overhead, since many services will be provided by Miller.
Bitting assured wholesalers that Pabst will maintain a "disciplined volume/pricing dynamic.
Bitting spoke of planned "regional brand investment" and said "we can afford to be patient, and not react quickly with discounting - we need long term brand building.
However, Bitting took note of "bumps in the road" in the transition from Stroh to Miller breweries, and apologized to wholesalers for any disruption this has caused.
According to Bitting, the most common question he has been asked is "why has Pabst bought more assets in a declining segment?
Bitting recently told the San Francisco Business Times that he expects these legal matters to be resolved by the end of 1999, at which point the company must be liquidated into passive investments within five years.
My job is to maximize the value of the estate for charity," Bitting told the Business Times, "and we are nowhere near through - five years is a heartbeat.
Bitting reports that Pabst sales were about $450 million last year, and he is projecting sales of up to $1.
In the Stroh deal, Bitting convinced Lehman Brothers and a banking consortium to take substantial leverage on the acquisition.
According to statements to the press, Bitting is now seeking to assemble as large a company as possible, and take it public or find a buyer before the liquidation deadline.
Bitting reported that Pabst's low margins in the popular segment are partly balanced by S&P's malt liquor brands, which have higher margins.
Co-founders, Miles Munz and Randy Bitting, learned the hard way when graduating from college in '02 and '03 respectively, and felt confident about their ability to secure a great job on their own.