Here's my take, which I said months ago. You own CBB. CBB is in process of transferring assets, good assets, to Cyrus. CBB will be left with what? Telco business? Deteriorating service? Declining land lines? Wireless business in decline? Huge debt for small local telco? Exactly what value do you expect CBB to have after spinoff of Cyrus? And how do you expect CBB to rise in value after spinoff? Having trouble understanding how CBB play is good for long term. Understand the Cyrus value, although may be smoke and mirrors with lots of competitors, but trouble with CBB. Maybe you are smarter than me. Input?
Thank you for not insulting me and I respect that. I am on vacation so I will make it short for now. Cyrus will be spinned off and our shares will get a divy and as I see it most management will go to Cyrus. CBB clean up is already done so it will be sold. IMHO
I whole-heartedly agree. they aren't reducing their debt by much, 20%. And they only get 10% of Cyrus profits. Which may not be much after they are saddled with debt from the offering. I wish someone could explain what they see worth running the stock price up to over $5 for what is soon to become an empty shell of a comany.