Penn Traffic Co. (fka PTFCQ)

[Mukphly]

Do you think the $13M tax break they mention has anything to do with the PTFCQ NOL?

The way the statement reads they are attributing the $13.7M tax charge to the Penn store acquisition & not the tax credit.

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....The company also booked a $13.3 million income tax benefit, reversing a $13.7 million tax charge from last year that was related to the Penn Traffic acquisition....

There should be a comma after the word year if they meant to attribute the $13.3M tax credit to the Penn stores acquisition. I added the red comma in the sentence below to help show what I mean.

....The company also booked a $13.3 million income tax benefit, reversing a $13.7 million tax charge from last year, that was related to the Penn Traffic acquisition....

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I do not know that it makes a difference to us one way or the other, it's just the part of the statement that caught my attention.