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It says in the article that activist investors (Red Mountain Capital Group) pushed for the breakup. The defense business wasn't growing fast enough for the pum
by rjdagost 11y ago
It says in the article that activist investors (Red Mountain Capital Group) pushed for the breakup. The defense business wasn't growing fast enough for the pump and dump traders. It's a textbook short-term move: cleave off the slow and stable part of the business, get a higher multiple for the remaining faster growing part of the business. Just make sure you exit your position before the high growth portion of the business slows. Then you will wish you had an anchor of stability...