The Record Date Myth: Why Most Investors Miss Out on Spin-offs for No Reason
The Record Date Myth: Why Most Investors Miss Out on Spin-offs for No Reason There's a question I get all the time from investors who are new to spin-offs. It usually sounds something like this: [...]
January 2019
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 [...]
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 [...]
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 [...]
December 2018
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 [...]
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 [...]
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 [...]
November 2018
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% [...]
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 [...]
October 2018
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 [...]
Stock Spin-off Case Study: Nuvectra – Microcap Spin-off Trading Below Net Cash
Stock Spin-off Case Study: Nuvectra - Microcap Spin-off Trading Below Net Cash Overview On March 13, 2016, Integer (NYSE: ITGR), formerly known as Greatbatch, Inc, spun off its neuromodulation business, Nuvectra Corporation (Nasdaq: [...]
September 2018
Spin-off Links – September 26, 2018
Stock Spin-off Links Premium Service In July, I launched a premium stock spin-off service. For $29 per month, I cherry pick the most promising stock spin-off investments for your benefit. So far, I [...]
Spin-off Case Study: Long NTGR, Short ARLO
Spin-off Case Study: Long NTGR, Short ARLO Last week, I executed a pair trade involving buying Netgear (NTGR) and shorting Arlo (ARLO). I’ve underwrote the trade to generate a ~17.5% return and a ~56% [...]
August 2018
Spin-off Links – August 29, 2018
Stock Spin-off Links Stock Spin-off Resources Just a heads-up, I recently published an updated stock spin-off resources page. I include a bunch of information including: A one page “What is a Spin-off?” guide [...]
July 2018
Spin-off Links – July 13, 2018
Stock Spin-off Links Premium Spin-offs In case you missed it, I recently launched a premium newsletter and my first recommendation. The stock is already up ~11% since I published my thesis, but plenty [...]
June 2018
Spin-off Links – June 1, 2018
Stock Spin-off Links Recent Spin-offs There have been a ton of recent spin-offs this week. Yesterday, CorePoint Lodging (CPLG), a La Quinta (LQ) spin-off, began trading. LQ had run up after it was [...]
May 2018
US Stock Spin-offs Continue to Outperform the Broader Market
Stock Spin-offs Continue to Outperform It has been a while since we've taken a look at the relative performance of the Bloomberg US Spin-off Index so we pulled the latest data today. As displayed [...]
Spin-off Links – May 18, 2018
Imminent Spin-offs La Quinta’s (LQ) spin-off, CorePoint (CPLG), will begin trading on May 31, 2018. Additional information here, here, here, and here. Euroseas’s (ESEA) spin-off, Eurodry, will begin trading on June 1, 2018. Additional information here. DXC Technology’s (DXC) spin-off, Perspecta (PRSP), will begin [...]
Spin-off Links – May 10, 2018
Recent Spin-offs On Tuesday, May 1, nVent (NVT) began trading on the NYSE. It opened at $21 and but rallied and is currently trading in the $25 range. So much for indiscriminate selling! I [...]
Dover Spin-off (APY) to Begin Trading Tomorrow
Background Dover (DOV) announced in September 2017 that it was reviewing strategic options (sell, merge, or spin-off) for its energy business. A month later, activist investor, Dan Loeb, disclosed his DOV position and urged management [...]
NVT Analysis Ahead of Regular-way Trading
Background nVent Electric (NVT), a spin-off from Pentair (PNR) will begin trading tomorrow. NVT provides products and solutions that connect and protect electric equipment which improves the equipment’s utilization, lowers costs, and minimizes downtime. On [...]
April 2018
Latest Thoughts on APVO and AFI
As a follow up to my last post, I wanted to share my latest thoughts on APVO and AFI. Aptevo Therapeutics (APVO) APVO has been on quite a roller coaster. I originally recommended the stock [...]
Updated Thoughts on LSYN and NVTR
Liberated Syndication (LSYN) I closed out this recommendation earlier in April 2018 at a price of $1.57 (closing price today was $1.60). From the time of my initial recommendation in December 2016, LSYN’s stock price [...]
LSYN – Closing Out Position with 257% Gain
Since our initial recommendation of Liberated Syndication (LSYN) in December 2016, the stock has increased from $0.44 to $1.57 (as of April 3, 2018) for a 257% return. We are closing out our BUY recommendation [...]
March 2018
Superinvestors and Stock Spin-offs
(This article was originally published in February 2016, but I wanted to update it to add Warren Buffett and Mohnish Pabrai’s perspective on spinoffs) I’ve known for a while that many of the world’s Superinvestors [...]
October 2017
Spin-off Links – October 1, 2017
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 [...]
August 2017
Spin-off Links – August 17, 2017
Investing in Special Situations Podcast Episode – This is an episode from the Planet Microcap. The host interviews Mark Vanderwell, a full time special situations investor and member of Micro Cap Club. Mark dives into [...]
May 2017
Stock Spinoffs and Indiscriminate Selling
A reader of blog recently asked me the following question: “Is there a way to tell when the initial selling pressure has ceased by looking at volume or something? How long does it typically take?” [...]
December 2016
Spin-off Links – December 23, 2016
Versum Materials Spinoff – Versum (VSM) is the recent spinoff of APD, VSM focuses on specialty gases, specialty chemicals, and services and equipment to the electronics industry. There has been some insider buying of late [...]
Liberated Syndication Spinoff
We have spent eight months following and researching the spinoff of Liberated Syndication. Here is the investment case in a nutshell: Liberated Syndication (Ticker: LSYN) is microcap software-as-a-service (SAAS) business with recurring revenue growing 25%+ [...]
Spin-off Links – December 4, 2016
Hilton Spinoff - Clark Street Value does a nice job summarizing the Hilton Spinoff. At this point, he doesn’t see upside in shares, but his estimate of the expected value of each division is super [...]