National Challenge Systems (TSE:NLC) | Stock Discussion Forums

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

An SI Board Since March 1998

Posts	SubjectMarks	Bans	Symbol
453	6	0	NLC

Emcee: Garth Richmond	Type: Unmoderated

Introduction Market Data Compact

NATIONAL CHALLENGE SYSTEMS INC. (TSE:NLC) is a fast growing, undervalued company specializing in the sale, rental and service of waste compactors. The largest distributor of recycling, waste-handling and compacting equipment and systems in Western Canada, they offer significant cost savings to their clients over traditional methods of waste handling. Their growing list of clients include many leading American and Canadian corporations and organizations, including:

McDonald's Restaurants
Safeway Food Stores
Real Canadian Superstore
Save On/Overwaitea Foods
Canadian Waste Services
Western Star Trucks
General Coach
Newnes Machines Ltd.
Laidlaw
BFI

Through several acquisitions over the past 18 months, National Challenge is now able to manufacture and customize their own waste handling equipment. They recently launched a revolutionary, patented organic resource recovery system which co-mingles organic waste from the food industry, stores it in tanks on farms and completely recovers the waste as an agricultural soil conditioner.

As environmental concerns grow, National Challenge's waste management systems offer not only an "envionmentally friendly" solution, but cost savings as well. The "pay-back time" (at which point the savings have paid for the equipment) for clients is just over 2 years! From then on it is $$$ in the bank for the client! National Challenge keeps generating revenues through service contracts, as well as through rental and leasing contracts if customers prefer not to buy the equipment.

As of today (Mar. 2, 1998) the shares trade at $0.65! With 15.9 M shares outstanding (float: 13M), the market cap is $10.3 M. But the company did $13.3 M in sales in fiscal 1997 and expects to do $18 M in 1998.

i.e. it is trading at LESS THAN LAST YEARS SALES!!! And almost HALF OF THIS YEARS SALES!!!

I believe that NLC is an undiscovered, extremely undervalued stock with tremendous upside potential.

Regards,
Garth Richmond.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
453	Hi Cal What happened to NLC today? Has there been some bad news? Any informati	Ron D.C.	-	3/2/2000
452	NCS completes deal to purchase waste management firms Na	Cal Gary	-	2/28/2000
451	Here's someone's take on IBR and what business may be happening with NL	Cal Gary	-	2/24/2000
450	Re: NR NLC management obviously knows the market is awaiting news. So, this NR	Cal Gary	-	2/24/2000
449	National Challenge discusses patent protection National Challenge Systems Inc	Cal Gary	-	2/23/2000
448	A pleasant change today. The big wall that was at one time at 1.90, 2.00, 2.10	Cal Gary	-	2/22/2000
447	Well, some signs of life on the tech charts since the First Marathon cross almo	Cal Gary	-	1/5/2000
446	News out, 1Q and progress report. Well, not much progress. Positive spin but, a	Cal Gary	-	12/29/1999
445	Major cross today. Four houses were net sellers today. Two, Latimer and First	Cal Gary	-	12/7/1999
444	I was also curious to see if any of the Cambridge 225K shares made in onto the	Cal Gary	-	12/7/1999
443	Cal, in my opinion, there's a pretty clear message there. That's what	Edward W. Richmond	-	12/3/1999
442	Cunning, how our leader can start selling one day before the April 6th all tim	Cal Gary	-	12/3/1999
441	Market Depth for T : NLC Depth by Price for T : NLC as of 1999-11-08 12:56:29	Dennis Lefebvre	-	11/8/1999
440	I hate to say it but I cannot even remember what my concerns were. NLC seem to	Buckey	-	11/1/1999
439	Buckey, you're yanking my chain! PS I like your SI profile. Buck naked at	Cal Gary	-	11/1/1999
438	NOt even in - LOL - Barely trading these days - Just too busy and lower my play	Buckey	-	10/21/1999
437	FWIW, today marks the end of the 30 day DD period. No retraction from the compa	Cal Gary	-	10/21/1999
436	Careful with those generalizations - I have been burned on making assumptions i	Buckey	-	10/18/1999
435	From an explosion of synaptic nerves :o). I guess you are questioning where my	Cal Gary	-	10/18/1999
434	Cal - where did you get that - I looked last night and could only get the repor	Buckey	-	10/15/1999
433	JMHO, Good financials, but bush league financial presentation. I thought I'	Cal Gary	-	10/15/1999
432	Cal - I hope item 3 the PP was noted as it impacts the Balnce sheet and NOT the	Buckey	-	10/14/1999
431	National Challenge Systems Inc. announces results for its fiscal year ending Ju	Cal Gary	-	10/14/1999
430	OT: Dennis, I'm a Franklin and Little Bear kinda guy :-). I follow and some	Cal Gary	-	9/30/1999
429	Cal Gary,...While we are waiting I want your opinion on this as a possible inve	Dennis Lefebvre	-	9/29/1999

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