RE: CAE"What the FU@# is going on."
One explanation could be that the company gave analysts, and the rest of those who participated in various functions, the impression that the division would be sold of either in pieces or as a whole. No mention of the possibility that it would be spun off in the form of an income fund. Quite a suprise; one that the market didn't appreciate by the looks of it. It sold off on the opening to plateau by around 10:00; the second round of the days sell off appears at around 12:30, an hour after the release, and was conciderably deeper.
Just a thought.
Good luck to all