Ongoing strategic review
Will they now sell the remining two divisions and close out the company ?
They got $200 million for TT which was the smallest and least profitable of the three divisons.
Given that they chose not to distribute some of the huge cash position when TT was sold, its quite probable that the strategic review will sell the remaining 2 divisions.
Even at the low valuation for TT, these 2 divisions would generate over $750 million, for a total net cash position in excess of $17 per share.
Well worth waiting for