Quick Pitch #20
Goodco/badco - a divestment story
Hello, Ultimate Value readers!
I am back with a new idea today.
This one is a classic case of goodco/badco. Luckily, the bad business is getting divested for some cash, and the company is refocusing on the “good” opportunity.
The stock was up today, but the market has been slow to grasp how good the other business is.
Let’s take a look.