Thursday, April 07, 2005 5:48:37 PM
This is something to strongly consider as positive news, if you have integrity. After all, let's all face it, the Net Loss is primarily due to Discontinued Operations. This could only mean that the company, as Financial Analysts refer to it as, "took a bath" and wrote off the losses from the discontinued business. This is EXCELLENT NEWS when you disect the Financial Structure of VELTEX.
OPERATING INCOME = $1.9 Million (VELTEX TEXTILE MILLS)
This is accepted as a FACT. These are AUDITED FINANCIALS.
GO VELTEX !!
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