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No. of Recommendations: 1
A few years in the future, spinoffs may be worth as much as an IPO might be today.

On the other hand, this could be nothing but another in the long line to touts I have seen about GE over the last year.

That company still has $30B in unfunded pension liability. As of September 2017, while they still had $75B of equity, their net tangible assets stood at -$32B. With a suitably "pro job creator class" bankruptcy court, they could get a ruling to dump that pension liability on the PBGC, stiff all their common stock holders, yet take care of all the money interests and go on their merry way.

Steve
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