From what can be interpreted only from the market price of the stock, it appears to be the wall street perception that the future after the partial liquidation is a group of businesses that management has not run well consistently over an extended time frame. But, therein lies the opportunity for investment profit. It will be The challange of the management of the remaining business to change this perception. To the extent that they are able to run these businesses well on a consistent and sustained basis over time, they will slowly change the current perception on wall street and improve the value to shareholders significantly. Initial signs seem to indicate that they are trying hard. The write offs and the share buy backs appear to be efforts to get the post liquidation company ready to perform.