Spin-off Links

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

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

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

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

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

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

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

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

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

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 have two recommendations: First recommendation is a small cap spin-off in the real estate sector. My price target implies ~94% [...]

By |2018-09-26T11:31:07-04:00September 26th, 2018|Categories: Spin-off Links|0 Comments

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 Links to 11 stock spin-offs studies and articles (BCG, McKinsey, Credit Suisse, J.P. Morgan and many others) You can check [...]

By |2018-08-29T11:31:16-04:00August 29th, 2018|Categories: Spin-off Links|0 Comments

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 more upside remains. I’ve launched at the extremely affordable price of $29/month (less than a dollar per day) for a [...]

By |2018-07-13T10:54:13-04:00July 13th, 2018|Categories: Spin-off Links|0 Comments

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 profiled recently at the Sohn Contest and it looks like the thesis has already played out as the spin-off, CPLG, [...]

By |2018-06-01T18:50:48-04:00June 1st, 2018|Categories: Spin-off Links|0 Comments

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 trading on June 1, 2018. Additional information here. Spirit Realty Capital’s (SRC) spin-off, Spirit MTA REIT (SMTA), will begin trading on June 1, [...]

By |2018-06-01T18:41:18-04:00May 18th, 2018|Categories: Spin-off Links|0 Comments

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 think its fairly valued at current levels and wouldn’t be a buyer unless there was significant sell off. To view [...]

By |2018-06-01T18:44:03-04:00May 10th, 2018|Categories: Spin-off Links|2 Comments

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 Street Value did a great job summarizing the situation. Check out his work here. Delphi: Analyzing the Upcoming Spin-off- Very [...]

By |2018-04-28T11:19:38-04:00October 1st, 2017|Categories: Spin-off Links, Uncategorized|1 Comment

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 spinoffs, rights offerings, and other special situations. I found Mark’s insights into rights offerings super interesting/helpful. Nuvectra Written up on [...]

By |2018-04-28T11:19:57-04:00August 17th, 2017|Categories: Spin-off Links|0 Comments

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 which is always good to see. However, I don’t think the stock looks that interesting. First of all, it trades [...]

By |2018-04-28T11:20:16-04:00December 23rd, 2016|Categories: Spin-off Links|7 Comments

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 helpful ahead of the split. TGNA Spinoff - Very interesting Seeking Alpha article on Tegna’s proposed spinoff of cars.com which [...]

By |2018-04-28T11:21:19-04:00December 4th, 2016|Categories: Spin-off Links|0 Comments