A parent company is a company that holds sufficient voting stock to have control over another corporation. This can occur through the creation of a now publicly traded subsidiary or through the purchase of stock in another company.
Parent companies are also formed via corporate spin offs. The parent company typically starts by selling a portion of the new company to the public, to establish a market and a following among investors. That way, by the time of the spin-off, stock in the new company is liquid enough to be sold relatively easily, and held with some confidence as a worthwhile investment.
In our experience, and in most academic studies of the subject, this helps the parent and the spin-off. Both generally do better than comparable companies for at least several years after the spin-off takes place. We would never invest purely because of a spin-off, of course, because there is no guarantee of this “spin-off bonus”. However, it’s certainly a plus.
Parent companies and spinoffs are just one example of the stocks we look to recommend for investors. Overall, though, for a sound long term investing strategy we recommend using our three-part Successful Investor philosophy:
Discover how most investors who successfully build wealth over the long term follow certain investing practices. Find out what they are in our FREE investing guide, The 10 Best Practices of Successful Investors.
GILDAN ACTIVEWEAR INC., $52.21, symbol GIL on Toronto, is a major global producer of basic apparel. Its product offerings include activewear, underwear, socks, hosiery, and legwear. These are sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to… Read More
Dear Inner Circle member,
Alcon proved itself resilient during widespread COVID-19 lockdowns in 2020. The stock dropped along with the market in March 2020, but quick recovered. The shares then moved sideways for most of the year—but in 2021, the stock has risen steadily to new… Read More
Improved sales led to a 0.3% revenue bump for this company during the most-recent quarter. It also beat the consensus earnings estimate.
A recent spinoff offered its investors an interesting opportunity going forward.
Meanwhile the stock trades at just 11.5 times the company’s 2022 earnings forecast.
INTERNATIONAL BUSINESS… Read More
The firm’s dependence on sales from restaurants and foodservice customers such as school cafeterias are a good reason why its year-to-date return remains negative.
The stock trades at just 14.4 times the company’s 2021 earnings forecast.
MCCORMICK & CO. INC. (New York symbol MKC; www.mccormick.com) is a.. Read More
With a focus on renewable energy, this power generator holds a lot of conceptual appeal for investors.
But just as important, it has stable cash flow from a diverse mix of hydroelectric, wind and solar assets. That diversity, plus long-term contracts, lets this utility firm… Read More
A: IBM Corp., $141.05, symbol IBM on New York (Shares outstanding: 896.3 million; Market cap: $127.6 billion; www.ibm.com), recently announced more details regarding the spinoff the Managed Infrastructure Services unit of its Global Technology Services operations. That legacy business helps corporate and government clients manage… Read More
With share splits, a company is simply cutting itself up into a number of pieces, without changing its fundamental value. It wants its stock to trade in a price-per-share range that seems reasonable to investors. This can affect stock market trading in more ways than… Read More
INTERNATIONAL BUSINESS MACHINES CORP., $143.32, New York symbol IBM, remains a buy.
IBM is one of the world’s largest computer companies, with operations in over 175 countries.
The company has announced more details regarding the spin off the Managed Infrastructure Services unit of its Global Technology Services… Read More
3M COMPANY, $181.49, New York symbol MMM, is still a buy for long-term gains.
The company makes over 60,000 consumer and industrial goods, including Post-It notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard fabric protection and Thinsulate insulation.
The stock fell 5% this week after 3M warned that… Read More
The COVID-19 pandemic continues to lift the earnings of Microsoft and Cisco, as businesses need their products to connect with employees working remotely. Demand will likely remain elevated as many of these temporary changes evolve into longer-lasting trends. That should let both firms keep raising… Read More
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