Start off with the significant discount verus L's sum of its parts.
Combine that with a higher rate affecting management.
You have two very good reasons to spin off the few parts to shareholders. The only reason to hold is to hope the discount narrows. In a spin-off, its instantly.
On May 03 07:57 PM Dan Braem wrote:
> There is no way the Tisch family is selling out. I agree with you > that Obama will raise the 15% rate.
Loews: Counting on CNA Earnings [View article]
Combine that with a higher rate affecting management.
You have two very good reasons to spin off the few parts to shareholders. The only reason to hold is to hope the discount narrows. In a spin-off, its instantly.
On May 03 07:57 PM Dan Braem wrote:
> There is no way the Tisch family is selling out. I agree with you
> that Obama will raise the 15% rate.