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Re: iceman7 post# 42015

Saturday, 04/06/2013 8:58:02 AM

Saturday, April 06, 2013 8:58:02 AM

Post# of 72244
You pretty much summed it up, as far as I can tell. Glad you are still around, along with dcatman and others. Just hadn't heard from you in a while.

So we will have proportional shares in a energy solutions company,i.e., the old business here, and also shares in the Wing business,i.e., the new business.

The fact that there are two distinct businesses shouldn't be an issue, unless you think GE should only be in the appliance business. Some businesses can walk and chew gum at the same time.

And, for those that may come here and try to convince you that a spinoff is a last disparate move by a company before shutting its doors, nothing could be further from the truth. You know, that little thing called "the truth."

http://www.joplinglobe.com/dailybusiness/x1533020218/Spinoffs-often-prove-successful

So, enjoy the news over the week-end. I know I will be.
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