High Point Enterprise Newspaper Archives Apr 3 1974, Page 23

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High Point Enterprise (Newspaper) - April 3, 1974, High Point, North Carolina Business Mirror reports contain usable information by John Cunniff of business analyst new York a this is the time of year when corporate annual reports fill the mails and too often the wastebaskets 0f shareholders. The usual explanations for such indifference is that the reports Are Dull or Overly Complex or that they fail in other ways to communicate the message. But an investment advisory service maintains that just a few tips on what to look for in a report can provide valuable information even to those shareholders who have Little or no specialized analytical training. Standard amp poor a corp. Claims that the presidents letter is As Good a place As any to begin since it usually provides a concise summary of the financial outcome in terms of revenues net income and per share results. It cautions readers however that a realistically of course you must realize that this text and related data tend to put the Best possible face on management s saving the detailed financial data for last the next step is to turn to the 5-year or 10-year summary that most annual reports now include. First look at the trend of revenues. A if they Are advancing at a fairly steady Pace so far so Good. But if they Rose five per cent last year to per cent in the previous year and 20 per cent before that you May have cause for have earnings been keeping Pace if revenues have been rising and net income has been Flat or Down something has gone wrong. And if net income has risen but per share earnings Haven to it May mean the Stock has been diluted by an increase in shares outstanding. Stockholders Are inclined to Overlook the accountants report the letter in which the outside auditors certify the financial statements. But a amp a. Suggests at least skimming it for exceptions or qualifications to the report. The statement of income or profit and loss statement never should be overlooked. It provides you with relatively detailed information on the latest two years earnings especially where the Revenue Dollar has been going. A if revenues have been rising but earnings have not have costs gotten out of hand if so where does the problem lie a if expenses seem High a you will want to satisfy yourself that this is a temporary condition before concluding that your investment is Worth you should be especially Alert to spotting special or extraordinary costs such As for fires and floods expropriation of properties by foreign governments or capital gains and losses on the Sale or disposal of assets. In general Quot make your year to year comparisons on earnings excluding special items. In this Way you will have comparable a Normal earnings to work unlike the earnings statement which summarizes a year s events the balance Sheet is a snapshot of the company s financial position at one moment the end of the business year. Done to ignore it. Current assets the first heading on the asset Side include Cash readily marketable securities and other things that should normally be turned into Cash within 12 months such As customers accounts receivable and inventories. Louisa. A. Apr a. S. Geological Survey documents introduced at an atomic Energy commission hearing monday criticized the investigation of faults under the North Anna Power station As unprofessional unethical and unenthusiastic in the Pursuit of the truth two experts told the North Anna atomic safety and licensing Board that the faults increase the risk posed by the nuclear Power station. The two said if they d had a Choice they would have selected a location without faults for the $1 million facility in Central Virginia. Not Only can the faulting not be dated at 200 million years old As Virginia electric amp Power co. Has maintained but no definite age at All can be assigned the fissures a seven member Urga Survey panel told the hearing. But in spite of their criticisms the scientists agreed with the Utility that the site does qualify under dec criteria for Plant Sites even if it is not an optimum location. The dec allows for nuclear station Sites with geological faulting if it can be demonstrated that the earthquake causing faults have not moved once within the last 35,000 years or More than once in the last 500,000 years. A if there was a Choice Between a faulted site and a no faulted site i d choose the no faulted said or. Fred Houser who headed the uses investigation of the reactor site. Geologist or. Michael Higgins echoed Houser a statement during the lengthy session. A i would t mind building my House on it but in a not so sure about building a Hospital a Higgins wides a Western sizzling Steak House lots of specials $159 $169 $429 11 . 11 . Steak amp eggs 6 . Toll . 51 39 to i it banquet rooms and Toke out j service available. K800 n. Main pm. 885-845 Cote slew Multi puppies French free 1711 North main St. Children under 9 j Only a w. It a Iii he Point Enterprise. Wednesday. April 3. 1974 11b it. Aik h killed a Kimku i Juki him in rip Jim rim a a he a Heel Billmi ii old Virginia Bacon la. To Vau Wydau Smithfield 12-oz. Pkg. Franks 5 to 7 Pound average if if said in trying to assign a risk Factor to the site. Houser said that Repco s geological consultants. Dames and Moore had done generally Good work but their study left a an awful lot of unanswered almost All of the arguments advanced by Dames and Moore to demonstrate the site s Antiquity came in for a battering at the hands of the uses experts. Only the consultants As yet unfinished testing of the undisturbed weathered Rock overlying the fault was accepted by the uses group As having the potential to finally Settle the faults age the introduction by the dec of the damaging uses materials blunted the Impact the documents would have made if introduced by the North Anna environmental coalition the coalition had demanded and received the documents from the uses. Nae is a Charlottesville environmental group battling Repco to halt the Mammoth North Anna atomic Power Plant. Whole i sliced 69 Luters cured picnics fresh pork aaa Smithfield neckb0nes 39 sausage la. Fresh ground la. Fresh ground Chuck la. . Survey critical of Power Plant probe lean Boneless j i a beef Stew 1 a country hams halves whole or sliced . Coffee i la. Bag United fresh milk i Gal. Jug pet Ritz Frozen pie shells package of for Morton s Frozen pot pies 8-oz. Sizes for Shur fresh bread i /2 la. Loaves 3 $100 for Large Brown Grade a eggs Doz. A rns a a Pink or White Grapefruit 9 Uch Golden yellow Pound to mexican Vine ripened tomatoes old. Firm Crisp head store hours Mon. Thru wed. 18 am. To 6 30 . Thurs. Amp Friday 8 . To 9 . Saturday 8 . To 8 . I Cloverleaf supermarket guarantees freshness or your Money Back your a store More food for less Money alway i ample for of Oft Street parking in our Large lot at min to re unt Fawn Tim Telephone 886-4453

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