Someone mentioned something on another thread about AVX having 4 cents/share worth of accumulated losses that could possible be used for tax write off lossed by another Co. i the event of a takeover/merger.
Can anyone tell me if this is legally possible? ie. could a company with positive income "merge" with AVX and then use that accumulated loss as a tax write off?
If this is the case, I guess there could be a reason to buy in at sub 3 cents with the possibility that it may be worth 4-5 cents to another entity...?
AVX Price at posting:
2.6¢ Sentiment: None Disclosure: Not Held
