IES Takes Steps On NOLs

Back on 11/1/12 the EleBlog wrote up a long item on the net operating loss situation at Integrated Electrical Services — a contractor with stock in public hands. Read it here.

Well, the execs at IES must have seen that post and said to themselves — “jeepers, if an idiot blogger can figure this out, almost anyone might.”

So the company issued a release on 1/28/13 on a new shareholder rights plan “designed to preserver the value of its net operating loss carryforwards and other related tax assets.”

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EleBlog take: OF COURSE, the two items are not related.

Source: http://electricalcontractor.com/?p=8324

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