The trouble with IPO is the CEO just doesn't get it.When the best use of funds is to buy back as much of his stock as possible, given the share price discount to NAV and free cashflow, he seems to be looking at making aquistions. Buy back 1/3 of the stock as soon as poissilbe would increase income/cashflow/NAV per share buy 50%. Thus increasing the intrinsic value of the shares by 50%.