HT, you are spot on. Put in simple terms, OZ is an ongoing business - they only sold Assests to MM, not the Business (Books). So yes, OZ retain the write offs. If indivdually, one ( or more) of those Assets sold at a "book" profit, that would show in Oz's books. But to counter that one or more Assets must have sold at a bigger loss - so overall the $2.3 stays in OZ as a tax w/o. I think ( hope the new management will think long and hard before announcing any buy backs . I prefer a small divvy sometime, just to show confidence in the New Company. M.
OZL Price at posting:
86.0¢ Sentiment: LT Buy Disclosure: Held
