OCR Text |
Show The National Enterprise , September 1 , 1976 Page three Truck on Road to Recovery License Granted Nuclear Services CAMPBELL, Calif. High Density fuel storage racks designed by Nuclear Services Corporation (OTC 3.375, 3.75) for the Zion Nuclear Station have been licensed by the U.S. Nuclear Regulatory Commission. The Zion Station is a SALT LAKE CITY FB Truck Line (OTC 6.50, 7.25) should increase its 1975 net income nearly four fold this year according to Norton of Parker, secretary-treasure- r the Salt Lake based interstate freight carrier. Encouraged by a strengthening economy, Parker guards his forecast with the least trepidation, openly confident better days lie ahead. In the first six months of 1976, the company has already posted net pressurized water reactor designed by Westinghouse. The plant provides a 1100 Mw electrical net output for each of its two units. A common fuel storage pool is shared by both units. The racks, designed by of earnings $190,000 from operations and $132,000 from the sale of the Pacific States Authority. Still, the $190,000 Nuclear Services Corporation and fabricated by Speedway Machine and Tool Company of Indianapolis, will give the Zion Station an increase of in its capacity to store 160 spent fuel. Nuclear Services Corporation is an international energy consulting firm engaged in specialized engineering, technical and management services to electric utilities, equipment manufacturers, and $322,000 JUST PUBLISHED INVESTING IN THE from operations tops the $140,000 FB reported for the entire year in 1975. I would guess we will do, even though November and December are ordinarily down periods, in excess of $500,000 this year, Parker predicted. Get Back to Basics years brought FB Truck to is knees with the realization that they had somehow strayed from the beaten path and would do well to get back on. Back in the glory days, Parker said, wre w'ere busy building a transportation con- - dent of FB for guiding the on the road to re- covery. Since he bought the truck line from Fur Breeders Cor- poration in 1968 for $200,000, Norton built its revenues from $2,309 million to $13,782 mil- lion in 1974 and added a leasing company, insurance company, tire and sales firm, diesel fuel company and a The marketing arm. of recession in 1974 brought him back into the presidential suite, a position he had vacated two years on-slaug- GREAT NORTHWEST. NOW . . . FOR THE FIRST TIME. A DEFINITIVE BOOK THAT ANALYZES EXCITING INVESTMENT OPPORTUNITIES IN THE DYNAMIC, RESOURCE-RICSEVEN STATE REGION OF THE PACIFIC NORTHWEST (INCLUDING ALASKA). H ABOUT THE AUTHORS. INVESTING IN THE GREAT NORTHWEST" is a new approach to investment guidance, bringing together In 320 entertaining and readable pages Information indispensible to any businessman interested in this President of FB Truck , Merlin Norton took back the presidential suite in 1974 and began streamlining operations . It wasnt difficult to see what mess too, Norton Parker said. I to be done, he said. had Merlin couldn't do anything about the economy; but the just did it, that s all. back office billing he could. And did. We had bad billings, I EMorol cmumnwi on hotmiivmi riwohj mis neognM eaperi on cciporale He holdo a doclonw In fi. HonoM hMh mownM uniwiSfi m CtwrtamA Financial Analyat an0 a i "A meal umiaual book. A trail broeklni effort artth Important malarial tor acenomla aophlatlcalea aa wefi aa amaiaut kmoatara." Hobart Land-r- , Tha OREGONIAN. The aiimoreaoa many roaaonawbyttwNorttiwaatahOMld continue to kiyoatmenlhmOe.Them'eiioroaaoii boaaounOandgrowburoglomot Dan Oauatm. laaaa. WWIN amMnCBI rWWltevp nS W , wo nwpinoni Oiwoi w aB nwif woo JaABa a a a Ana hr ala Camar al PorttanA Mala U. $9.95 Hand Cover ORDER TODAY $6.95 Soft Cover AVAILABLE AT MOST BOOK off $400,000 in invalid andor bad receivables. Most of 1975 was spent in gradual recovery wards expanding FBs of the economy and straight- - ing authority on an east-we- STORES OR ORDER FROM: operat-compan- in-hou- se Discusses over 200 public companies over 2 billion shares of stock Over $30 billion annual sales "Paying over $1 billion annual dividends and Interest With SHANNON P. PNATT duplicate billings, advances to contractors in excess of their everything was in a pay mess, he said. Norton converted everything to computer and charged problems, ening out Parker said. For 1975, FB realized earnings of $140,249 on revenues of $13,090,642. The company is now back on the road to recovery, the executive said. Merlin Norton modestly shrugs off the credit due him. region. Willamette Management Associate, Inc. 220 S. W. Aid sr Strsat Portland, OR 97204 Pteass sand ma coplas of "INVESTING y st transcontinental basis through interlining agreements with carriers who have authority in eastern states. His optimism about the companys performance in the Bicentennial year is evident: Things are getting better all the time. I hard cover 99.95 ptua 50c mailing aach. in soft cover 96.95 plus 50 nulling aach. Nama Addrsss Zip. City. In LAWRENCE R. ROSS la a naflanaNy-know- n aacurSy anatyal and financial anker and waa Dimeter of Raaaarah Ma Rm M rWfVnWM MBS! MmSbibb wf MMWIfO IWtW lor a man bar of years Ho la a member of Via Banner SocMy of Security Anety ate and haa had 30 yoare experience In tha Invoalment buotnaoo. Roaa la author of tha book. 'kwoaUng In Law filafc Growth Companies. - IF I I I NOT SATISFIED. RETURN BOOK WITHIN 30 DAYS FOR A REFUND. I I I I I ht I I I I pounding those problems, 1974 had clobbered the con- I yu Covered upon which FB depended for the mainstay of its freight. With over 1600 stock quotations, news articles, earnings reports, corporate profiles, Hatchet Man at Work market columns and feature stories, the National Enterprise covers the OTC securities market from coast to coast. behind closed doors of We make it our business to know what's going on in the industry II We keep you posted on the corporate board rooms to changing securities laws and regulations. latest developments and abreast of current trends. Norton took to the company with a hatchet, slicing unprofitable operations here, excess fat there. Before he was finished, he had curtailed the companys 14 terminals to one central dispatch, slashed the number of employees in half, and divested the company of all subsidiaries, save the leasing firm. The back office was in a IN THE GREAT NORTHWEST:" earlier, where he began gradually cinching the bursting belt of an obese operation. Costs had soared: labor, maintenance, utilities, service not to mention a 56 percent increase in fuel prices. Comstruction industry I The National Enterprise gives your investments the kind of coverage they deserve. Please send me a one-yea- r subscription to the National Enterprise. Enclosed is S24.00. NAME. ADDRESS. I CITY STATE. ZIP- - Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY, UTAH 84147 I I I I I I I I I I I I I I |