I am curious where you are reading their financials?

It seems odd a P/E shop would spin off viable operations, leaving the body to die. By this, I mean Roon and MQA. Now I don't know the circumstances of these spins, but presumably they have value, maybe considerable value. I understand that to realize the full value of MQA and Roon, you need to extract Meridian, but letting it die seems odd.

I for one would be interested in what is the biggest drag at M. Do they make $$ on the speakers? They seem very expensive to build, being they're in the U.K. The hardware seems less so.

Primary: MD600, MS200 (SpeakerLink to AES), Trinnov ST-2, Ayre V6-xe, Salk SS8 3x LRC.
Secondary: MC600 (whole house).
Zone one: 568.2, G57, MS200, Spatial Hologram M2SE.
Zone 2-6 (Awaiting assignment).