Replies to post #10561 on Lehman Brothers Financial SA (LEHNQ)

[littledevils90210]

I am not a tax guy but, I don't think you tax NOLs? From the little that I know, after the NOL offsets any if there is any $$$ left standing then you tax it. Oh my mistake, after all the loopholes are used after the NOLs then you then have a true income of 0 to apply the corp tax rate....oh my seconf mistake you then take your credits and maybe bet another billion or two back as a refund...My friend works the oil industry and he tells me this stuff......they make billions and then get a refund credit...lol...go figure...devil

Seriously, you dont tax NOLs....

[marayatano]

Say $100b of Net Operating Losses.

Times 35% corp tax rate

= $35b

Say, that there is a lot of uncertainty about whether the entity will ever have earnings that the NOLS could offset.

So, maybe you could assume $10 to $12b is what they are worth?

So, 10-12%. Not an expert, so LOL!

Thanks for being realistic.

imo