Autosime , my accountant has a couple of honours degrees in...

Autosime , my accountant has a couple of honours degrees in finance and the example is straight out of his book. In trading tax losses are created to advantage e.g. tax year end selling. However if you don't understand the concept, courses are available. Your description of FPL is a tad crude suggesting that you're out of pocket on this one, however investors buying in at this price and at this stage of the game would tend to think differently as also do their JV partners. While regarding the past it may also be of benefit (as best one can) to analyse the future.