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)