CLNS The merger of Colongy Capital, Northstar Realty& Norstar Asset Management combined three 2Bn entities into ONE whose MC has fallen to 3Bn Operating performance since the merger has been poor There are now 3 operating divisions: * Industrial * Digital Infrastructure * Europe The healthcare and hospitality assets are being discarded NAV for retained verticals is $10.81 while the stock trades at less than $6 What might boost stock price? * Evidence of cost cutting as a result of discarded verticals * Share repurchase * Insider buying Next ex-div will be late March.