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Gold/Mining/Energy : National Challenge Systems (TSE:NLC)

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To: Buckey who wrote (434)10/18/1999 11:53:00 AM
From: Cal Gary  Read Replies (1) of 453
 
From an explosion of synaptic nerves :o). I guess you are questioning where my chart came from. The chart is a simple merge of NLC's 9 month earnings news release and its 12 month earnings recently released. The Q4 numbers is derived by simple subtraction. So in a sense the chart is my creation you will find only on SI.

With regards to non-recurring and recurring income, the release does not indicate. From what I recall from the past, they reported operating vs income from discontinued operations. I suspect the discontinued items are now out of the way.

On another note, sales of compactors perhaps are one time income items. Rental of compactors obviously are recurring income items. Unfortunately the release does not break down income into these categories. IMO, poor reporting only impairs long term confidence in the stock. This is definitely an area for NLC to improve.

Agreed with your last point : "I can assure you if it was a one time HIT to expenses it would be clearly articulated in all literature ".
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