Podcast: Chris Waller of Plural Investing and Hidden Gem Investing
Podcast: Chris Waller of Plural Investing and Hidden Gem Investing I recently had the opportunity to speak with Chris Waller of Plural Investing and Hidden Gem Investing about two recent spin-offs: GCI Liberty (GLIBK) [...]
November 2016
Nuvectra Spinoff – Updated Thoughts
For background on the Nuvectra investment, please refer to my original investment case here: https://stockspinoffinvesting.com/micrcap-stock-spinoff-trading-below-book-value/ Additionally, there is a very good Value Investor Club write up here: https://www.valueinvestorsclub.com/idea/NUVECTRA_CORP/138336#description Short Background Nuvectra is a neuromodulation [...]
Armstrong Flooring Reports Q3 Results
Last week, Armstrong Flooring (AFI) reported third quarter results. For background information on the company, refer to my earlier post: https://stockspinoffinvesting.com/armstrong-flooring-stock-spinoff-with-138-upside/ My original investment case for AFI in a nutshell is as follows. AFI sells [...]
Aptevo – Additional Thoughts
For the full investment case on APVO, please refer to my original write-up: https://stockspinoffinvesting.com/aptevo-therapeutics-an-orphaned-spinoff/ In this post, I wanted to share a few thoughts on APVO's current portfolio of commercial products and then its pipeline. Current [...]
October 2016
Lamb Weston Spinoff
ConAgra is spinning off Lamb Weston Holdings, its frozen potato business (think french fries). Joe Cornell did a nice job summarizing the pending spinoff in Forbes. The ticker will be LW and when issued trading [...]
September 2016
Aptevo Therapeutics: An Orphaned Spinoff
Aptevo (APVO) is a recent spinoff from Emergent Biosolutions (EBS), an underfollowed biodefense company. For reasons described below, Aptevo was sold indiscriminately and is currently trading well below any reasonable estimate of fair value. Reason [...]
August 2016
Lessons Learned Investing in Quorum Health
After doing some work on QHC, I bought the stock based on the thesis that I outline below. Unfortunately, last week QHC reported a VERY DISAPPOINTING quarter the stock dropped by roughly 50%. I’ve sold [...]
May 2016
Armstrong Flooring: Spinoff with +138% upside
I was first attracted to AFI because it’s a small cap spinoff, and small cap spinoffs tend to outperform the market and outperform other spinoffs, as I’ve noted in prior write-ups. https://stockspinoffinvesting.com/stock-spinoff-performance-by-market-cap/ After reviewing AFI’s [...]
Armstrong Flooring: Stock Spinoff with 100%+ Upside
Take a look at Armstrong Flooring. Ticker is AFI. I'm working on a full write up, but here's the short pitch. AFI sells flooring material which is benefiting from a strong housing market. AFI was spun [...]
April 2016
Nuvectra: Microcap Stock Spinoff Trading Below Book Value
Nuvectra (Ticker: NVTR) first piqued my interest because it is a microcap spinoff and microcap spinoffs generate huge returns in year one. See the chart below: However, you have to be extremely careful investing in [...]
March 2016
Stock Spinoff Performance by Market Cap
I wanted to share a quick stock spinoff analysis. I downloaded all the stock spinoff data that was available on Bloomberg and then analyzed total 1 year return, 3 year return and 5 year return, [...]
February 2016
What is a Stock Spinoff?
A stock spinoff occurs when a publicly traded company splits into two companies. Let’s walk through an example to see what that really means: Example: ConocoPhillips Spinning off Phillips 66 In 2011, ConocoPhillips [...]
How to Find Stock Spinoffs
As the chart above shows, stock spinoffs can be a fertile area to find profitable investment ideas. Joel Greenblatt, founder of Gotham Capital, would agree. In “You Can Be a Stock Market Genius” he writes: [...]