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Handleman Company Message Board

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  • bskptkl bskptkl Dec 10, 2009 12:03 PM Flag

    Great Q! ;-)

    If the last Q was great, this one was over the top.

    They gained $10 million in federal income tax refunds due to the law change last month. That works out to a gain of about $0.50 per share taking "equity" up to $0.31 per share.

    Liquidation expected to take longer however, through 2011 they say.