Savvy Trades and Investments

[RNsidersbuying]

HAYN (as of last filing) has a 58M 'deferred income tax' asset and a 12.5M O/S. So with this current announcement of -

As a result of the reduction in the corporate income tax rate, the Company is required to revalue its net deferred tax asset to account for the future impact of lower corporate tax rates on this deferred amount and record any change in the value of such asset as a one-time non-cash charge on its income statement. The Company has performed a preliminary analysis of its first quarter of fiscal 2018 tax provision based on the new tax rate as compared to the previous effective tax rate of 40% (which includes state and foreign taxes), and preliminarily determined the amount of such expense to be approximately $19.0 to $20.0 million, which will reduce the Company’s first quarter fiscal 2018 results.

- should we expect an additional bottom-line loss of approx. (-1.56)eps in addition to the current guidance of (-.30)eps in the upcoming Q1 report likely out in the first week of Feb?