13 04 2013
As stock spin-offs gain popularity and recognition, there will be more and more investment tools available to take advantage of the above-average returns that spin-offs can deliver. As an example of this growing popularity and awareness of stock spin-offs, there is now a stock spin-off ETF (Exchange Traded Fund), trading under the symbol: CSD. Known [...]
31 03 2013
Covidien (COV) has made a substantial run up to a current price of 67.84 at the time this post was written. This all time high can be attributed partially to increased price target estimates from Jeffries, which were made public last Wednesday (3/27).
Covidien, primarily a medical device company, will spin off its Mallinckrodt division. This stock spin off had been announced by Covidien in 2011, with mid-2013 as the estimated date of the spin off.
20 03 2013
Much has been written about the edge that an investor can achieve by focusing on spin off stocks and as a group it is true, but if you plan to buy individual stocks, it pays to dig deeper and see what you think of the company, its business plan, its risks, and its possibilities.
4 12 2012
Planned Siemens AG spinoff stock OSRAM’s management has announced actions that it’s planning to take to make their operations more profitable going forward after the stock spin-off. One of the things that is often cited as a major factor in spin off stocks outperforming the market is that the management of what was previously a [...]
1 12 2012
In an upcoming stock spinoff, Abbott Laboratories (ABT) is separating off its drug unit as a stand alone company which is to be called AbbVie. The parent company will retain the Abbott name and consist of its current nutrition businesses. For the value investor looking for a situation in which people are generally underestimating [...]
30 11 2012
The price of spinoff stock Hyster-Yale Materials Handling (HY) has been pretty much flat since its debut in late September of 2012, opening today at $41.27, which pretty closely mirrors the S&P500 over the same time. Clearly, we did not get the pull back that I was hoping for in my October 1, 2012 [...]
28 11 2012
Siemens AG has proposed a stock spin off of a majority of its OSRAM unit to shareholders who will be asked to approve the action at an upcoming shareholder meeting. In a Siemens press release today, the company has said that intends to keep a 17% stake in the new OSRAM and its pension trust [...]
3 10 2012
When Kraft KFT decided to break into two parts with its North American grocery business becoming ticker KRFT and its international snack business becoming ticker MDLZ Mondelez (I have no idea how to put the macron over the second z), seems like all bets have been on MDLZ to be the one that outperforms.
1 10 2012
Nacco Industries has completed its stock spinoff of it Hyster-Yale materials handling business and the new entity begins trading today on the New York Stock Exchange under the ticker symbol HY.
22 06 2012
Stock spinoffs have performed well in the past, but every spinoff is not a bonanza.