yep seems to be investment assets are too conservative and then high fees. Not a great investment strategy. They should be buying quality cash flow generating businesses for the long term and get rid of investment advisors that detract from value. Of course we allj know there is latent value in the electrical business but management are not doing their job in efficient capital allocation (although I do agree in using funds to spur growth in electrical)
Ann: Net Tangible Asset Backing - February 2022, page-3
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