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tgnitro

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tgnitro

Re: big_money_outsiders post# 147504

Sunday, 09/24/2006 9:19:48 AM

Sunday, September 24, 2006 9:19:48 AM

Post# of 315345
So you think NOL carryover is bad?
NOL means Net Operating Loss. It can be carried 2 years back or 20 years forward to offset income, hence pay less taxes.
NOL's are the reason why big corporations would buy a smaller, non productive firm - tax write offs.
This means that at this point BKMP may save up as much as 40% of taxes = more $$$$ in the bank!
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