Listening to Zucaro was painful. Completely delusional about how it's great that RFIG is staying together when last month he was saying how great it was they were spinning it off. Absurd. Too bad for shareholders.
Also, why will they not say who prevented the spinoff? It cost shareholders over $500m so an explanation is deserved.
True - Stock is back where it was. But there sure was a lot of time and expense spent with nothing in the end to show for it. I was hoping there was a "Plan B" given all the "experts" that came up with the spin-off plan. Apparently not.
The stock was in the 8's before the spinoff PR. So we're back in the 8's after it was rescinded. The cancellation of the spinoff didn't introduce any new risk that didn't exist before the announcement of the spinoff.