My focus is on Pretax Income rather than on After-Tax Net Income
because Income Taxes are simply a transfer of financial wealth between US
Corporations and the US Federal, US State and Foreign Governments. It has
nothing whatsoever to do with Company Operating Performance.
From a review of SEC filings, the chart below shows the
Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Second
Quarter of 2018 and 2017 for Castella Waste Systems.
| US | US | ||
| GAAP | GAAP | ||
| Pretax | Pretax | ||
| Income | Income | ||
| (Loss) | (Loss) | ||
| June Qtr | June Qtr | Better | |
| July Qtr | July Qtr | (Worse) | |
| Vermont Company | or Aug Qtr | or Aug Qtr | % |
| Market Caps Above $1 Bil | 2018 | 2017 | Change |
| mils $ | mils $ | ||
| Casella Waste Systems | 2 | (53) | 104% |
