| | Business Summary | | Kaiser
Ventures
Inc.
is
an
asset
development
company.
The
Company's
principal
assets
include
a
50%
ownership
interest
in
the
West
Valley
Materials
Recovery
Facility
and
Transfer
Station
(WVMRF),
a
transfer
station
and
recycling
facility
located
on
land
acquired
from
the
Company;
an
approximately
80%
ownership
interest
in
Mine
Reclamation,
LLC
(MRC),
the
company
seeking
to
permit
and
develop
a
rail-haul
municipal
solid
waste
landfill
(the
Landfill
Project)
at
the
Eagle
Mountain
Site;
the
9,144
acre
idle
iron
ore
mine
in
the
California
desert
(the
Eagle
Mountain
Site)
that
includes
the
associated
1,100
acre
town
of
Eagle
Mountain
(Eagle
Mountain
Townsite);
and
the
property
that
is
leased
to
MRC
for
the
Landfill
Project.
The
Company
also
has
a
substantial
cash
position
as
a
result
of
the
closing
of
the
sale
of
its
ownership
interest
in
Fontana
Union
Water
Company
(Fontana
Union)
to
Cucamonga
County
Water
District
(Cucamonga)
for
$87.5
million,
in
March
2001
(the
Fontana
Union
Stock
Sale). | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | KRSC
develops
businesses
that
focus
on
waste
management,
water
resources,
land
remediation
and
development.
For
the
three
months
ended
3/31/01,
revenues
totaled
$67.5
million,
up
from
$1.4
million.
Net
income
totaled
$48
million,
up
from
$300
thousand.
Revenues
reflect
the
inclusion
of
a
$65.2
million
gain
on
the
sale
of
the
Company's
interest
in
Fontana
Union
Water
Company.
Net
income
also
reflects
lower
corporate
overhead
expenses
as
a
percentage
of
revenues. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
168;
after
tax
earnings
were
70. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard Stoddard, 50
Chairman,
Pres, CEO | $757K | $1.1M | Gerald Fawcett, 68
Vice
Chairman | -- | -- | James Verhey, 53
CFO,
Exec. VP-Fin. | 211K | 328K | Terry Cook, 45
Exec.
VP - Admin., Gen. Counsel, Sec. | 420K | 304K | Paul Shampay, 39
VP-Fin. | 151K | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/k/krsc.gif)