What will Capstone do with Trumps proposed 42% corporate tax savings?
Double-edged sword there.
Going forward s/b a positive on new sales @ somewhat lower prices, margins, flow-through to bottom line, etc.
However, if and when the company becomes profitable, the NOLs will have (much?) less value in reducing taxes by offsetting profits w/those losses.
I presume, possibly erroneously, that NOLs carry-forward for tax reduction are still allowed.
Bill