Idearc Drops on Economic Worries

IDEARC INC. $7 (New York symbol IAR; Income Portfolio, Consumer sector; Shares outstanding: 146.8 million; Market cap: $1.0 billion; WSSF Rating: Average) is down 80% from its peak of $38 in August 2007. That’s largely due to fears that a slowing economy would hurt revenue… Read More

This Spin-off Has Already Gained 40%

IDEARC INC. $36 (New York symbol IAR; Income Portfolio, Consumer sector; Shares outstanding: 146.8 million; Market cap: $5.3 billion; WSSF Rating: Average) publishes over 1,200 yellow and white pages phone directories in 35 states.

The company was a wholly owned subsidiary of Verizon Communications Inc. until… Read More

Time To Buy This Spin-off

To make the most of their asset value, companies may set up a subsidiary as an independent company, then hand out stock in the subsidiary to their own shareholders as a special dividend or spin-off. As a general rule, both the spin-off and its parent… Read More