Here are the links I’m following in the stock spinoff and beyond world:
Hamilton Beach Spinoff – Nacco Industries (Ticker: NC) spinoff Hamilton Beach (Ticker: HBB) began regular way trading on Friday, September 29th. Clark Street Value did a great job summarizing the situation. Check out his work here.
Delphi: Analyzing the Upcoming Spin-off– Very good overview of Delphi spinoff on Seeking Alpha. The spinoff will not occur until the first half of 2018, but this is a good resource to get up to speed.
Trisura – A High Quality Business with Spin-off Characteristics – Trisura (Ticker: TRRSF) is a recent spinoff from Brookfield Asset Management (Ticker: BAM). The company is focused on specialty finance. Shareholders received 1 share for every 160 BAM shares. So interesting set up. Unfortunately, it has rallied a bit, but worth checking out.
Ray Dalio Longform Interview – I’m a huge fan of podcasts and this episode (Tim Ferriss interviewing Ray Dalio) is well worth your time. Some of the topics that were covered:
- How Ray thinks about investment decisions, how he thinks about correlation, etc.
- The three books he would give to every graduating high school or college senior
- How he might assess cryptocurrency
Also check out Ray’s recently released book Principles. I’m half way through it on my kindle and it is excellent.
Quote of the week:
“There is only one success… to be able to spend your life in your own way.”
- Christopher Morley (American journalist)