wade- To me, it depends on when the NOLs will run out. For example, AAL I would value on after tax earnings and add about $5/share for the NOLs. FONR you can value on pre-tax earnings and be roughly correct, because they won't pay taxes for probably the next 10 years.
On the rest, I can tell you how I think they should be valued, but when it comes to short term market reaction, I'm not sure. I am still learning a lot about how the market reacts to all kinds of different things.
I will have to get back to you on BSQR.