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  • Screencapture Maxolson Gitbooks Io Blue Chip Stamps Content Letters 1980 HTML 2019 03 20 16 - 56 - 34

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    Chad
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    blue chip 3

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    screencapture-maxolson-gitbooks-io-blue-chip-stamps-content-letters-1980-html-2019-03-20-16_56_34

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    blue chip 3

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    8 views11 pages

    Screencapture Maxolson Gitbooks Io Blue Chip Stamps Content Letters 1980 HTML 2019 03 20 16 - 56 - 34

    Uploaded by

    Chad
    blue chip 3

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 11
    To Our Stockholders Consolidated operating income. before al net gains tom sles of copocate secures and important ‘ied assets forthe calender year 1980 inzeased 10 $16,584,000 (5.20 per sharlrom $14,312,000, ($2.76 per share} ine previous year, Consolidated net income (ie, after net gains rom sale of compote secures and important hed assets) increased to $20,389,000 ($3.94 per shar) fom $15,528,000 ($3.00 per she} nthe previous We nave four majrsubsiiares, See's Candy Shops. Incorporated (100%-owned, Mutual Savings (80%-owned), Precision Stoo (80%-owned}, and Buffalo Evening News, Inc (100%-owned} in adtion tothe basic business (oral racing stamps} operated by the parent company. Our consolidated Income fr our two reporting year ust ended breaks down as fllos (m0 excep or per-share maura: Not gains ‘Year nota ste: Buffalo Alother Blue Chip. ended seer’ MUN Evening mat coun consolidated ‘about inge * Business ews’? income’? “°F ot ncome, December 7-270 sar $1205 si.472) $5,380 225 389 ec | 4 Siz0s sara) 83, 20; Per tue cone 140 a A) ie 1 394 sha December p07 081.867 ATO) SSS 1214 818.526 91,1979 Per ue chip 136 sa 2 (46) “9 2 300 she +1 After reducing income by amortzation of intangbies arsing om purchase ot So's at alae premium overs book valu. 2 After increasing income by amortization ofthe acount rom Mutual book value at which the Interest was acquired 3 Alter reducing income by amertzation of relatively minor intangibles arising a acuiiton of the 4 After deduction af interest an other corporat expenses In each yar there wns an operating loss ‘tom promotional senices activitis beter resicual consolidated net income was cried wth)

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