Bircher's Intrinsic Value in the Annual Letter

bircher shares are undervalued especially relative to intrinsic value aside from share buybacks what actions can bircher take to narrow the discount between the current share price and intrinsic value. Would you ever consider an IPO of bircher's individual operating units for example? i've never seen an annual report that uses the term intrinsic value or even talks about the intrinsic value of its units or business as much as bircher does. If this is failure i want more of it okay j galba warren asks a question on bircher’s intrinsic value.