Spin-off Market

Spin-off Links – December 2020

Spin-off Links - December 2020 Recently Announced Spin-offs XPO Logistics (XPO) recently announced that it will be spinning off its logistics business. Over the past year, management has been deliberating on how to unlock value given the company is trading at a discount. Management believes that by spinning-off the logistics segment, the structure of the [...]

By |2020-12-10T08:55:34-05:00December 10th, 2020|Categories: Spin-off Links, Spin-off Market|0 Comments

Why You should Keep an Investment Journal

This week, Greggory Miller and I continue our series on spin-off investing and other topics. In the below video, we discuss: Why you should start a blog or keep an investment journal. Lessons learned from spin-off failures. Our thoughts on the impact of the coronavirus. What stocks look interesting at current levels. We discussed [...]

By |2020-03-05T12:17:35-05:00March 5th, 2020|Categories: Spin-off Market|1 Comment

How I Analyze a Spin-off

I recently had the opportunity to chat with Greggory Miller of Spinoff Investing Simplified. In the video, we discussed my spin-off investing diligence process and some resources that would be helpful to those doing their own spin-off research. Feel free to skip to 4:53 of the video unless you want to hear me talk [...]

By |2020-02-27T16:26:55-05:00February 27th, 2020|Categories: Spin-off Market|1 Comment

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

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

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 advocate investing in spinoffs. After all, that’s one of the reasons why I originally became interested in researching spinoffs. While [...]

By |2018-08-08T16:22:51-04:00March 11th, 2018|Categories: Spin-off Market|20 Comments

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?” This is a great question, and I apologize that it took me so long to answer. At the heart of [...]

By |2018-04-28T10:58:18-04:00May 21st, 2017|Categories: Spin-off Market|25 Comments

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, by market capitalization. Here is one key takeaway: microcap spinoffs outperform in year 1.  Specifically, “Less than $500mm Market Cap Spinoffs,” [...]

By |2018-05-17T22:02:19-04:00March 21st, 2016|Categories: Spin-off Market|2 Comments
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