I understand the concept of NOLs in theory, but wondering what happens in the event of a company with negative earnings continues to have negative earnings for the next few years, amidst a restructuring and/or bankruptcy? Is there any way they can monetize them?
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I don't think NOLs expire or get written down, and until the company turns a profit or is acquired by another company that has profit, they can't be realized/monetized in any meaningful way, outside of increasing how much a company would be willing to pay for them.
Using this comment as a bump since I'd like to know the answer as well.
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