Rich Howe

About Rich Howe

This author has not yet filled in any details.
So far Rich Howe has created 63 blog entries.

Spin-off Links – November 2019

Spin-off Links (November 2019) Recent Members Only Research Emmis Communications Spin-off Quick Summary CNH Industrial Spin-off Quick Summary IAC Group Spin-off (Match.com) Overview Ensign Group Spin-off (Pennant) Deep Dive Nuance Spin-off (Cerence) Deep Dive Recently Announced Spin-offs On October 31, 2019, Marathon Petroleum Corp (MPC) announced that it will spin off its retail gas station business, Speedway, [...]

By |2019-11-05T11:50:42-05:00November 5th, 2019|Categories: Spin-off Links|0 Comments

Spin-off Links – September 2019

Recent/Imminent Members Only Research Ensign Spin-off (Pennant) Deep Dive (September 30 publish date)  Nuance Spin-off (Cerence) Deep Dive AECOM Spin-off Quick Summary Golar LNG Spin-off - What’s It Worth? Madison Square Garden Spin-off - Deep Dive Kontoor Brands - Deep Dive   Recently Announced Spin-offs On September 3, 2019, CNH Industrial (CNHI), a global industrial [...]

By |2019-09-24T12:08:07-04:00September 24th, 2019|Categories: Spin-off Links|0 Comments

Come Hear Me Speak in Philadelphia

I will be speaking in Philadelphia on Saturday, September 28th at 11:45 at the Moneyshow Conference. Come hear me speak. Registration is free! My talk is titled: How to Profit from Stock Spin-offs I'm really excited to talk about spin-offs and to share my best ideas. You can register here: Free Registration  

By |2019-09-19T12:21:46-04:00September 19th, 2019|Categories: Live Event|0 Comments

Spin-off Links – August 2019

Recent Members Only Research Golar LNG Spin-off - What’s It Worth? Madison Square Garden Spin-off - Deep Dive Corteva - Deep Dive Kontoor Brands - Deep Dive Riviera Resources - Notes from Meeting with Management Insurance Auto Auctions - Deep Dive August 2019 - Spin-off Links Recently Announced Spin-offs On July 29, 2019, Pfizer (PFE), [...]

By |2019-08-29T13:12:54-04:00August 29th, 2019|Categories: Spin-off Links|0 Comments

How to Front Run the Index

How to Front Run the Index Printable PDF Version I had just finished my third cup of coffee as the market opened. I settled into my chair and watched the early price action of Kontoor Brands (KTB) on its first day of trading with eager anticipation. You see, one of my favorite things to do [...]

By |2019-08-28T18:02:28-04:00August 28th, 2019|Categories: Market Analysis|Tags: |2 Comments

Chewy is 15% Overvalued

Chewy is 15% Overvalued Background A subscriber recently asked me what I thought of Chewy (CHWY) so I spent some time digging into it. It was a fun exercise in part because it’s the opposite of what I typically look for. First, it was a recent initial public offering (IPO). IPOs are propped up by [...]

By |2019-08-12T14:21:15-04:00August 12th, 2019|Categories: Spin-off Analysis, Uncategorized|Tags: |2 Comments

Free Subscription to Our Newsletter

August Giveaway It's been a while since we've done a giveaway so.... We've decided to give away 5 annual subscriptions to the Stock Spin-off Investing Newsletter in August. Each subscription is a $419 value. Here's the deal. Sign up below. And then share your referral link with all your friends. For every person [...]

By |2019-08-07T15:51:17-04:00August 7th, 2019|Categories: Giveaway|0 Comments

Spin-off Links – July 2019

Spin-off Links (July 2019) Recent Members Only Research Golar LNG Spin-off - What’s It Worth? Madison Square Garden Spin-off - Deep Dive Corteva - Deep Dive Kontoor Brands - Deep Dive Riviera Resources - Notes from Meeting with Management Insurance Auto Auctions - Deep Dive Recently Announced Spin-offs On July 17, 2019, Ardagh Group (ARD), [...]

By |2019-07-25T10:11:23-04:00July 25th, 2019|Categories: Spin-off Links|0 Comments

Spin-off Links – June 2019

June 2019 - Spin-off Links Spin-off Resources Interview: My Spin-off Investment Process How Do Spin-offs Perform? Why Do Spin-offs Outperform? Recently Announced Spin-offs On June 17 2019, AECOM (ACM), announced that it would be spinning off its government management services business. The division generates ~$4BN in revenue which represents ~27% of total ACM revenue. The remaining [...]

By |2019-06-26T15:49:18-04:00June 26th, 2019|Categories: Spin-off Links|0 Comments

Why Do Spin-offs Outperform?

Why Do Spin-offs Outperform? While not every spin-off will outperform (I’ve learned this lesson the hard way), on average, they do quite well. See below for long-term performance of Bloomberg spin-off Index vs. the S&P 500. What drives the outperformance? Usually stock spin-offs begin trading at a low valuation. This occurs for a couple [...]

By |2019-07-01T14:40:01-04:00June 7th, 2019|Categories: Spin-off Market|4 Comments

Spin-off Links – May 2019

Spin-off Links - May 2019 Recent Members Only Research VF Corp - Kontoor Brands Spin-off Deep Dive Arlo - Good First Quarter Results DowDuPont - Initial Thoughts on DowDuPont’s Corteva Spin-off KAR Auction Services - Spin-off (IAA) Deep Dive Spin-off Resources An interview where I discuss my best and worst spin-off investments as [...]

By |2019-05-28T10:39:41-04:00May 28th, 2019|Categories: Spin-off Links|0 Comments

My Interview on Investing in Stock Spin-offs

My Interview on Investing in Stock Spin-offs Last week, I had the pleasure of speaking with Greggory Miller of Spin-off Investing Simplified. It was a great conversation and Gregg was kind enough to record the conversation. I've posted segments of the interview below for those who are interested. Why Invest in Stock [...]

By |2019-05-13T13:19:27-04:00May 13th, 2019|Categories: Spin-off Market|0 Comments

Spin-off Links – April 2019

Spin-off Links - April 2019 Recent Members Only Research Alcon Spin-off Thoughts New Dow Spin-off Analysis Livent Spin-off Overview KAR Auction Services Spin-off (IAA) Deep Dive Recently Announced Spin-offs On March 25, 2019, Naspers (NPSNY) announced that it will be spinning off its stake in Tencent (TCEHY) and other internet assets by the [...]

By |2019-04-29T10:51:21-04:00April 29th, 2019|Categories: Spin-off Links|0 Comments

Spin-off Links – March 2019

Spin-off Links - March 2019 Recent Spin-offs On February 8, Henry Schein (HSIC) spun off its animal animal health business and then immediately merged it with Vet’s First Choice to create a new company called Covetrus (CVET). The stock opened at $41 and has declined to $33.69. It’s still expensive trading at 19.2x [...]

By |2019-03-11T15:58:50-04:00March 11th, 2019|Categories: Spin-off Links|1 Comment

Eli Lilly / Elanco Animal Health: An Opportunity to Make $890 in a Week

LLY / Elanco Exchange Offer [This article was published to my premium subscribers last week, but I released it to the public to share the type of analysis that is available for premium subscribers.] Summary The LLY/ELAN exchange offer represents a very low risk way to make $890 in two weeks. My expected return [...]

By |2019-03-04T13:08:06-05:00March 4th, 2019|Categories: Spin-off Analysis|Tags: , |15 Comments

United Technologies – Spin-off Deep Dive

Summary On a sum-of-the-parts basis, UTX  is currently undervalued by ~20%. While it will take time for the value to be unlocked, the stock looks attractive at current levels. The break-up is schedule to be complete by mid 2020. Background Way back in August 2017, rumors first started to emerge that activist investors [...]

By |2019-02-22T08:14:04-05:00February 22nd, 2019|Categories: Spin-off Analysis|Tags: |0 Comments

Spin-off Links – January 2019

Stock Spin-off Links Update on Premium Service For a limited time, we are offering a 7 day free trial. Take advantage today as this opportunity will expire on Thursday, January 31. Stock spin-off recommendations published on the site have generated a 50.0% return versus the S&P 500 at 14.9% over the same time [...]

By |2019-01-28T23:28:27-05:00January 28th, 2019|Categories: Spin-off Links|0 Comments

Honeywell: Spin-offs Allow the Company to Focus on High Growth Areas

Honeywell: Spin Offs Allow the Company to Focus on High Growth Areas This article is a guest contribution by Nathan Parsh of Sure Dividend. Sure Dividend helps investors build high quality income portfolios for retirement. Companies can spin off portions of its businesses for a variety of reasons. Perhaps a certain segment no [...]

By |2019-01-04T10:29:29-05:00January 4th, 2019|Categories: Spin-off Analysis|Tags: , , |0 Comments

Arlo: A Cheap Way to Play The Connected Home Theme?

Arlo: A Cheap Way to Play The Connected Home Theme? Arlo Spin-off Background On December 31, 2018, Netgear (NTGR) spun off its remaining 62,500,000 shares of Arlo Technologies (ARLO), which is focused on smart video cameras, to existing shareholders. The first day of trading post this distribution will be today (January 2, 2018). [...]

By |2019-01-03T23:52:14-05:00January 2nd, 2019|Categories: Spin-off Analysis|Tags: , |0 Comments

Spin-off Links – December 2018

Stock Spin-off Links Recently Announced Spin-offs On November 5, 2018, FMC Corp (FMC) a chemical company focused primarily on the agriculture market, announced that it would spin off its remaining ~85% stake in Livent (LTHM), its pure-play lithium subsidiary, on March 1, 2019. FMC previously sold ~15% of LVTH in an October IPO. [...]

By |2018-12-24T23:40:00-05:00December 24th, 2018|Categories: Spin-off Links|0 Comments

United Technologies – Will the Break-up Unlock Value?

United Technologies - Will the Break-up Unlock Value? For over a year, United Technologies (UTX) management has been under pressure from large activist investor, Third Point, to break up the company. Management finally succumbed to that pressure and announced on November 26, that it would indeed move forward with a split. UTX will [...]

By |2018-12-19T10:13:25-05:00December 19th, 2018|Categories: Spin-off Analysis|Tags: |2 Comments

MSG Spin-off – What is the company worth?

Madison Square Garden Spin-off   Madison Square Garden (MSG) will be spinning of its sports business in the first half of 2019. Rationale for the Spin-off In a statement, MSG wrote: “The proposed separation of the sports and entertainment businesses would enable investors to more clearly evaluate each company’s assets and future [...]

By |2018-12-07T16:49:03-05:00December 6th, 2018|Categories: Spin-off Analysis|2 Comments

Spin-off Links – November 2018

Stock Spin-off Links Recent Spin-offs On October 29, 2018, Honeywell (HON) spun off, Resideo (REZI), its home products (thermostats, fire protection, etc.) and distribution business (security, fire protection, etc.) REZI has declined 30% since the spin-off. By my math, REZI trades at 7.2x 2019 EBITDA. I think a more appropropriate valuation would be [...]

By |2018-11-20T21:25:16-05:00November 20th, 2018|Categories: Spin-off Links|0 Comments

EQT Spin-off, Equitrans Midstream (ETRN)

Equitrans Spin-off EQT’s spin-off, Equitrans Midstream (ETRN), began regular way trading this morning under the ticker ETRN. Ever since EQT acquired Rice Energy in 2017, activists Jana and D.E. Shaw have urged a break up to separate the midstream and upstream businesses to increase shareholder returns. Equitrans midstream is a corporation and owns units [...]

By |2019-11-06T17:46:27-05:00November 13th, 2018|Categories: Spin-off Analysis|Tags: |0 Comments

Spin-off Links – October 2018

Stock Spin-off Links Recent Spin-offs On September 26, 2018, Fortive’s Automation and Specialty Business, completed its merger and split off. Fortive (FTV) shareholders who elected to exchange their shares received shares in Altra Industrial Motion (AIMC). Since the split off, AIMC shares have declined ~21%.  AIMC is currently trading at $32.87 and is [...]

By |2018-10-25T10:17:46-04:00October 25th, 2018|Categories: Spin-off Links|0 Comments