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hotmeat

01/03/09 3:35 PM

#2380 RE: elwahsh #2343

Net operating loss- this is the overall loss suffered by the holding co. over a period which can be used as a shelter for future profits of the company. I believe indy's is about 800Mil.
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lifegear

01/03/09 4:01 PM

#2381 RE: elwahsh #2343

NOL = Net Operating Loss which can be used to offset future net income and avoid paying taxes

over 50% change in stock ownership could eliminate the NOLs