Spin-off Links – December 2021

Spin-off Links - December 2021 There has been a TON of spin-off activity. New spin-off announcements, recent spin-offs trading, upcoming spin-offs - you name it, we got it.. Let’s get into it. New Spin-off Announcements On November 12, 2021, Johnson & Johnson (JNJ) announced that it will spin-off its consumer business ($15BN of revenue) within [...]

By |2021-12-22T09:41:22-05:00December 22nd, 2021|Categories: Uncategorized|Tags: , , , , , , , |0 Comments

Spin-off Links – October 2021

Spin-off Links - October 2021 Before we get into this month’s spin-off news I just wanted to highlight that I will be raising prices on my premium newsletter at the end of the month (October 31 at midnight). The annual subscription will increase by 51% from $419/year to $635/year. The monthly subscription will increase by [...]

By |2021-10-06T12:10:11-04:00October 6th, 2021|Categories: Uncategorized|Tags: , , , , , , |0 Comments

Spin-offs With Insider Buying – August 2021

Spin-offs with Insider Buying (August 2021) This month, we have a good amount of insider buying! Let’s go in alphabetical order. Armstrong Flooring (AFI) Armstrong Flooring is a name that I’ve followed for a while ever since it was spun out of Armstrong Worldwide. The company is in the midst of a turnaround. It recently [...]

By |2021-08-05T14:47:45-04:00August 5th, 2021|Categories: Uncategorized|Tags: , , , |0 Comments

Insider Buying at Spin-offs (March 2021)

Spin-offs with Insider Buying (March 2021) This month, there has been a surprisingly large amount of insider buying. As usual, we will go in alphabetical order. Arconic Inc (ARNC) Arconic is a 2020 spin-off from Howmet Aerospace (HWM). It is focused on global rolled products, aluminum extrusions, and building and construction systems. Think large customized [...]

By |2021-03-17T16:05:01-04:00March 17th, 2021|Categories: Uncategorized|Tags: , , , |1 Comment

BBX Capital: A Dollar Selling for 30 Cents

BBX Capital: A Dollar Selling for 30 Cents December 28, 2020 Ticker: BBXIA Market Cap: $94MM Enterprise Value: $40MM Price: $4.85 Fair Value: $7.50 Upside: 55% Background While I closely follow all stock spin-offs, I’m especially drawn to the tiny ones. They are too small for institutional investors (and most retail investors), and sometimes I [...]

By |2020-12-28T15:05:50-05:00December 28th, 2020|Categories: Stock Write-ups, Uncategorized|Tags: |6 Comments

Spin-off Links – July 2020

Spin-off Links - July 2020 Recently Announced Spin-offs On July 15, 2020, Dell Technologies (DELL), announced that it is exploring spinning off its 80.1% stake in VMWare (VMW). This transaction has long been rumored and makes a lot of sense. Currently, Dell has a market cap of $44BN and its VMW stake is worth $47BN. Dell [...]

By |2020-07-23T07:28:25-04:00July 23rd, 2020|Categories: Uncategorized|0 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

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

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 platform that was spun out of Greatbatch earlier this year. Nuvectra currently has a market cap of ~$60mm and net [...]

By |2018-04-28T10:52:51-04:00November 27th, 2016|Categories: Stock Write-ups, Uncategorized|Tags: |5 Comments

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 announced that it would be splitting its company in two. The parent company would continue to own the upstream assets [...]

By |2018-03-18T13:14:56-04:00February 29th, 2016|Categories: Uncategorized|0 Comments

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: “You can make a pile of money investing in spinoffs.  The facts are overwhelming. Stocks of spinoff companies significantly and [...]

By |2018-03-16T16:50:41-04:00February 18th, 2016|Categories: Uncategorized|2 Comments
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