Wedbush probably expects MNTA to reverse the balance-sheet offset to the NOL’s and run the deferred-tax asset on the balance sheet through the income statement in one fell swoop, which will encourage the sell-side analysts to ignore this non-recurring gain and model EPS on a fully-taxed basis.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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