Not so fast my friend. It is true that tax credit can be written down but they can be passed on to the consumer or customer if you like. Now millions or if you like a billion was spent in developing new break through customer app for the phone as I have mentioned. this technology can be leased, rented or charged a royalty for others to use. It could be more lucrative to turn itself into a technology company then to stay in the car rental space. The common shareholders had no rights to that technology only the tax debt generated by the tax credit purchased underwritten by the technology’s revenue generating ability. Now chances are they won’t charge there customer anything but they will take there tax credits in lue of payment diluting today’s common shareholders even further. Today’s company share holders can then use that tax credit too off set there own gains reducing there own tax debt until a zero zum position is reached.
The up side as a common investor is the joy of being a contributor to a wonderful new very convenient technology. I my self wouldn’t have a personal vehicle with the convenience that this new wonderful technology will bring to the consumer thanks too the common shareholders who participated in making it happen.
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