Breaking NN up into pieces, IPO'ing things like the 3DSL and the subsidiaries, etc, come to mind. Then selling ALA the 670 part, which apparently is what they wanted. I suspect TM is behind all of this in some way that made it impossible to do much though. After all, he probably still owns parts of these subsidiaries, and if ALA later IPOs any of them, he gets a big profit maybe while we other NN shareholders get the royal shaft.
This deal is really great for ALA, so might as well hang in and hope ALA can do OK. I trust Steve's assessment of ALA. Funny, years ago, the French really owned the optics area. Maybe there is a lot of value here, the way there was last year in Corning, which has rallied from 50 to 200, but looked really sick at 50. You couldn't give GLW away until some analysts made GLW a theme play. Maybe this happens to ALA later in the year.
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