<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: THOUGHTS ON THURSDAY&#8217;S DATA</title>
	<atom:link href="http://pragcap.com/thoughts-on-thursdays-data-4/feed" rel="self" type="application/rss+xml" />
	<link>http://pragcap.com/thoughts-on-thursdays-data-4</link>
	<description></description>
	<lastBuildDate>Sun, 12 Feb 2012 06:49:06 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
	<item>
		<title>By: Kyle</title>
		<link>http://pragcap.com/thoughts-on-thursdays-data-4/comment-page-1#comment-2444</link>
		<dc:creator>Kyle</dc:creator>
		<pubDate>Fri, 26 Jun 2009 04:29:12 +0000</pubDate>
		<guid isPermaLink="false">http://pragcap.com/?p=5743#comment-2444</guid>
		<description>&lt;blockquote cite=&quot;Much of this morning’s stock rally appears to be on the back of the housing sector which is rallying over 4% after Lennar reported worse than expected earnings, but showed signs of balance sheet improvement and a slowdown in cancellations.&quot;&gt;

But even more confusing from an outlook perspective is that they took a big DTA valuation charge. Yes, that made up a sizable portion of their loss, but you only create that valuation account if you don&#039;t expect to be able to utilize all of the net operating loss (NOL), which would only happen if you weren&#039;t expecting to make any money in the near to mid-term future to offset it against.</description>
		<content:encoded><![CDATA[<blockquote cite="Much of this morning’s stock rally appears to be on the back of the housing sector which is rallying over 4% after Lennar reported worse than expected earnings, but showed signs of balance sheet improvement and a slowdown in cancellations.">
<p>But even more confusing from an outlook perspective is that they took a big DTA valuation charge. Yes, that made up a sizable portion of their loss, but you only create that valuation account if you don&#8217;t expect to be able to utilize all of the net operating loss (NOL), which would only happen if you weren&#8217;t expecting to make any money in the near to mid-term future to offset it against.</p></blockquote>
]]></content:encoded>
	</item>
</channel>
</rss>

