Lehman Preferred Series "J" Preferred (fka LEHJQ)

[Argus63]

SENATE AMMENDMENT HR 3548 COULD BE HUGE FOR LEH.....

"Five-Year Carryback of Net Operating Losses: H.R. 3548 extends the net operating loss (NOL) carryback period from two years to five years for 2008 or 2009 for all firms. A NOL is defined as the amount by which a company or taxpayer's business deductions are greater than its gross income in a given year. Under the legislation, NOLs that are carried back by businesses to the fifth taxable year would be limited to 50 percent of the taxpayer's taxable income and TARP recipients would excluded from the provision. According to JCT, the provision would reduce revenues by $10.4 billion over ten years. The "stimulus" provided a five year NOL carry back provision for businesses with receipts less than $15 million. H.R. 3548 would provide the same carry back for all firms."

http://www.gop.gov/bill/111/1/hr3548senateamendment

This was referred to an Yahoo thread saying Obama expected to sign this SOON. Thoughts?

I own a ton of J and a little N