RE:Interesting view of MIM investing outlook After reading this informative insight into the high risk investment MO model of MIM, reviewing each holding and noting that we have recovered a huge chunk of the Revlon investment since exit of Q2, I do feel much better about future prospects of these investments.
However, it's pretty clear that these investment losses have been quite a drag on our share price , obliterating what should have been a substantial gain in the share price from the PLM sale.
Common shareholders have not yet been rewarded for our patience, due largely to the overhang of these sequential investment losses.
It's now time to be rewarded.
A substantial tax efficient dividend would go a long ways to ameliorate that patience or even better, fully unlock the value of these resurgent investment assets by spinning out the suite to shareholders, monetizing each to cash as they reach full recovery, and then altering the business model such that valuation multiples and asset value recognition are very much higher than that of a holding company....which is normally just 50-60% of book.