Reported Net Non-Operating Items – NOPAT Adjustment


Income statement adjustments include financing items like interest expense/income, preferred dividends and minority interest income. These items are related to the financing of a company’s operations, not the operations themselves. We always calculate NOPAT on an unlevered basis.

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Danger Zone 2/18/2013: Zale Corporation (ZLC)


Zale Corporation (ZLC) is in the Danger Zone this week.

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