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by erosenbe0 1593 days ago
Ehh some PEGs do not care about long-term. Often they want to do anything that can get them some lump sum dividends and bonus payouts. Cost cutting combined with a recapitalization cookbook, selling assets like real-estate, and then using the proceeds and borrowed cash for themselves. Terminal price won't matter much due to either the initial windfall or because someone else will be holding enough of the bag after recap.