An estimation of the sustainable portion of earnings should be the centerpiece
of analyzing business earnings. This task has become a far greater challenge
over the past decade as the number of nonrecurring items has increased dramatically.
This explosion has been driven by corporate reorganizations and
associated activities. Some of the labels attached to these producers of nonrecurring
items are restructuring, rightsizing, downsizing, reengineering, redeployment,
repositioning, reorganizing, rationalizing, and realignment. show more...