I've been asking the board that for 2+ weeks but no response. I must be on ignore and can't say that I blame 'em.
I think from a liability standpoint, spinning off divisions is a great idea as long as common shareholders maintain an equivalent ownership in the spin off. By liability I mean of business default and or major operating losses. Plus, conglomerates typically are not valued at a fair book value for assets like a "purer" company (ie like a spin off that holds very similar types of businesses in similar industries).
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
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