Is JAT creating a MONSTER, page-144

anything is worth spinning off its its viable in its own right .. long history of conglomerates breaking up / splitting and being worth more post

eg https://www.investopedia.com/articles/basics/06/conglomerates.asp
For investors, conglomerates can be awfully hard to understand, and it can be a challenge to pigeonhole these companies into one category or investment theme. This means even managers often have a hard time explaining their investment philosophy to shareholders. Furthermore, a conglomerate's accounting can leave a lot to be desired and can obscure the performance of the conglomerate's separate divisions. Investors' inability to understand a conglomerate's philosophy, direction, goals and performance can eventually lead to share underperformance. (For related reading, see: Conglomerates: Risky Proposition?)