Evaluate Bethlehem's explanation of why it reduced its prepaid tax asset to zero. Determine whether Bethlehem's explanation seem reasonable.
Speculate why analysts essentially ignore Bethlehem's $1 billion write-off of its deferred tax asset.
If you had been an analyst evaluating Bethlehem's 2001 third-quarter 10-Q, explain whether or not you would have downgraded Bethlehem's stock.