Replies to post #48922 on Savvy Trades and Investments

[John Bates]

I'm afraid I see it the way Mermelstein does, but you never know.

[researcher59]

FORD, yes a $439k increase in net income not attributable to the tax credit, but that's coming off a loss of ($238k). So net income of $201k (a $439k increase y/y excluding the tax credit).

[benlurkn]

FORD Initially I read it like everyone else but after you made your pitch I believe you are correct about the 5 cent Q. Added after hours thanks to your interpretation. Hope we are correct.....

[Mermelstein]

That still doesn't make any sense. We know what the final net income number was, $948k, and we know how much the the tax benefit contributed, $747k.

The only way your math would make sense is if you didn't know the final net income. You know 2 variables of a 3 number solution. Pretty easy to figure out the third.