Could HHH have used SEG to off-load weak assets to make HHH look better? I'm assuming HHH still has a significant ownership interest. On one hand they were a liability, now they are on the balance sheet as an asset?? I'm making a lot of assumptions here LOL!
With that being said I do think that selling off these properties would still give SEG's shareholders the most bang for their buck. I don't think that SEG would be willing to do that though. Usually management gives us an indication that they are willing to sell off their assets by saying that they hired colliers or that they're exploring "strategic alternatives".
Could HHH have used SEG to off-load weak assets to make HHH look better? I'm assuming HHH still has a significant ownership interest. On one hand they were a liability, now they are on the balance sheet as an asset?? I'm making a lot of assumptions here LOL!
With that being said I do think that selling off these properties would still give SEG's shareholders the most bang for their buck. I don't think that SEG would be willing to do that though. Usually management gives us an indication that they are willing to sell off their assets by saying that they hired colliers or that they're exploring "strategic alternatives".
Yeah I do believe HHH spun off SEG to dump it from the company's balance sheet.