DD, since I seem to be in a mood to post questions today, what are your thoughts about an exit strategy for the 39% of CUB's outstanding shares which are owned by its 95 y.o. founder/Pres/CEO and "Chairman of the Executive Committee," Walter J. Zable, "indirectly through Trusts and a public benefit charitable corporation" (according to the 1/11 Proxy)? I realize Zable's kid is VP of CUB and Vice-Chair of the Ex. Comm. (and probably also a trustee of his dad's trusts...), but I can't imagine that the trusts would want to maintain such a high concentration of their assets in the co. going forward.
You've mentioned this issue in passing on the CUB board, remarking on the company's "buyout vig," but I also have to wonder what the exit scenario for the company itself might be? I assume via an acquisition, but any more-specific thoughts? I'm thinking particularly of whether/how CUB's Transportation Segment would fit into a defense industry play. It would be a shame for such a promising initiative to be lost...
thx for your thoughts.
