I live here where BD was founded and I can assure you this is first rate and the best quality gear. They have a great brand going that should continue to do well worldwide.
Can someone explain this statement, taken from the company's website letter to shareholders to me in layman's terms? Would there be any adverse or beneficial affects to a new investor to Clarus Corportation due to this deferred tax mentioned below? What does it mean that "will release the related portion of its valuation allowance"?
"In connection with the closing of the transactions, the Company expects that it will more likely than not be able to realize a significant portion of its approximately $88.9 million deferred tax asset and therefore will release the related portion of its valuation allowance. As of March 31, 2010, Clarus’ net operating loss carryforwards were approximately $231 million."
What I really want to know is whether or not I should invest now or wait until the transaction is finished with BDE. Thanks, I appreciate your time!
tech, you are right, it did not take long for me to figure out who the intelligent posters are around here. I appreciate your input. I am long SCON, but I admit that it is mostly speculation...though market conditions in wireless providers could be a big primer. Here's hoping so. I think we will have a good idea after the CC, eh?
I'm hoping for the best here too, but is there any possibility that the delay in the CC could be related to options backdating/i.e. a re-statement of financials? Dang, I am just dying to see some information here!