Blue- So a 6 Billion NOL if preserved will get a 2 Billion DTA Dfd Tax Asset.
The time value of the tax write off gives some discount. still the 33% book asset would be huge if they keep it.
The 50% shareholder thing is an issue, not sure how the special purpose vehicle keeps all ? most? of the DTA.
I was thrown by the time frames given 6 months? Did the author just make that up?
I am new here only a small position added recently (3K just under $2pps) , thinking this was tax loss selling,
Lots of smart people in this space!!! Sorry if i ask stupid questions, been lurking for a while but not all the dots connected on my thesis yet.