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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (13509)1/3/2002 6:55:05 PM
From: blankmind  Read Replies (1) of 78530
 
SOFN's operating losses are really over-looked - here's how easy it is to use them to offset taxes:

"If your business is organized as a C corporation, any net operating loss it suffers provides no tax benefit to the shareholders. Such a loss can only be used by the corporation itself: it may be offset against the income of its subsidiaries (if any) if a consolidated return is filed, carried back against past income, or carried forward to reduce future income. A corporation can carry a net operating loss back two years and forward 20 years. If net operating losses are anticipated by a corporation, it may be beneficial to elect S corporation status and pass the losses on to the shareholders."

- shs o/s: 25.2 mill
- $400 mill in loss carry-forwards

- plus around $3 in net cash per share

- we'll know by 3/31/02
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