[MNTA’s] 2012 EPS will take a 40% hit [due to income taxes].
The R&D tax credit will shave about 400 basis points from MNTA’s income-tax rate, so MNTA’s net tax rate will be closer to 35% than 40% when all of the NOL’s are exhausted.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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