InvestorsHub Logo
Followers 0
Posts 194
Boards Moderated 0
Alias Born 04/10/2014

Re: None

Saturday, 10/17/2015 2:45:36 PM

Saturday, October 17, 2015 2:45:36 PM

Post# of 5497
I know this is going to sound crazy but it's my best thinking at this point. IMO the taking of a nearly $7M Income Tax benefit in CCEL's 3rd Quarter financials is a defensive move. Some mergers are done partially to claim an Income Tax benefit in the new combined company. Is/was someone planning to attempt a hostile takeover of CCEL? I'm otherwise totally baffled by this move. Anyone have any other thoughts? Very unusual for a company to take such a huge move in the 3rd Qtr. They also added $1.5M of Goodwill not previously claimed. We may find out something soon or never know anything more. But there was a reason for this now rather than later for sure.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CCEL News