July 31, 2019, Client Letter

In recent years, I’ve mentioned that the world is going through a gigantic monetary experiment. At first, I was referring to the “quantitative easing” that the U.S. Federal Reserve and other central banks began in 2008/2009, to offset the financial crisis. But the more I.. Read More

Q: I think you wrote a while back about how Scotts Miracle-Gro was a way to invest in marijuana without the risk of buying an actual producer or retailer. What do you think about the stock now? Thanks for all the good advice!

A: Scotts Miracle-Gro Company, $148.95, symbol SMG on New York (Shares outstanding: 55.0 million; Market cap: $8.4 billion; www.scottsmiraclegro.com), manufactures, markets, and sells consumer lawn and garden products worldwide. In the U.S., the company manufactures Scotts, Miracle-Gro, and Ortho brands.

In 2013, the company’s CEO Jim… Read More

We don’t see all spinoffs as winners

While most spinoffs pay off for investors over time, some deliver big gains right away while others can go into a deep slump. Here are two recent spinoffs moving in opposite directions.
GXO LOGISTICS INC. $88 is a spinoff buy. The company (New York symbol GXO; Manufacturing sector;… Read More

Let our stock updates help direct you

COTY INC. $7.73 is still a hold for aggressive investors. The company (New York symbol COTY; Consumer sector; Shares outstanding: 816.1 million; Market cap: $6.3 billion; Dividend suspended in 2020; Takeover Target Rating: Medium; www.coty.com) is a leading maker of beauty and cosmetics products. Its main brands include CoverGirl,… Read More

Spinoffs & Takeovers Hotline – Friday, August 27, 2021

RITCHIE BROS. AUCTIONEERS INC., $78.98, symbol RBA on Toronto, is the world’s largest industrial auctioneer.

The company sells a broad range of used and unused equipment through its unreserved auctions, online marketplaces and private brokerage services. That merchandise includes earthmoving equipment, truck trailers, government surplus, oil… Read More