Have to pierce the iron curtain to get details, especially about how it relates, how it was financed etc.
I personally believe that if they could spin off aviation related businesses, construction & mining, oil & gas into 3 separate companies and keep Phoenix as the parent "holding" company that would be best. Then its easier to keep the accounting clean and they can continue to send excess cash & equivalents to the parents who continues to buy. That's essentially the Berkshire model I believe and Wallstreet respects it more that just a big, fat conglomerate with lots of non-synergistic businesses.
As for us, they would simply need to give us/themselves divy shares of the 3 new companies to maintain equivalent ownership
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org
