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Re: DewDiligence post# 111896

Wednesday, 01/05/2011 7:47:04 AM

Wednesday, January 05, 2011 7:47:04 AM

Post# of 257253

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.



Given the tL any-day overhang, I would not do that.

ij

There are times when rules and precedents cannot be broken; others when they cannot be adhered to with safety. (Thomas Joplin)

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