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:
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MCCORMICK & CO. INC., $186.48, New York symbol MKC, is still a hold.
The company makes spices, seasonings and flavours.
McCormick will now raise your quarterly dividend by 9.7%. Starting with the January 2021 payment, investors will receive $0.68 a share instead of $0.62. The new annual… Read More
WALMART INC., $150.24, New York symbol WMT, remains a buy.
The company is the world’s biggest retailer, with 11,484 outlets in 27 countries.
Walmart continues to benefit as the COVID-19 pandemic prompts consumers to stock up on food and household goods at its stores and Internet sites.
In… Read More
Learn how to find spinoffs so you can successfully buy what we think are the closest investments in the market to a “sure thing”
Learning how to find spinoffs could help give your portfolio returns a boost. Here’s why:
From time to time, companies set up one… Read More
Acquisition of a disaster restoration firm helped lift this property management company’s revenues 8.3% during the most-recent quarter.
Those quarterly results were stronger than expected and helped the firm beat consensus estimates.
How Successful Investors Get RICHLearn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' for FREE from The Successful Investor. How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger. |
FIRSTSERVICE CORP. (Toronto symbol FSV; www.firstservice.com) has two main businesses: FirstService Residential (59% of… Read More
Learn how to find spinoffs so you can successfully buy what we think are the closest investments in the market to a “sure thing”
Do you know how to find spinoffs? From time to time, companies set up one or more of their divisions or subsidiaries… Read More
STARBUCKS CORP., $85.27, Nasdaq symbol SBUX, is still a buy.
The company is a leading seller and roaster of specialty coffee. It has 32,180 outlets in roughly 80 countries. Licensees operate about half of those stores.
To boost its sales in Asia, Starbucks plans to launch new… 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
A spinoff investment will likely be undervalued and it’s almost always a better option than new issues or IPOs
A spinoff investment is created when a company sets up one of its subsidiaries or divisions as a separate company, then hands out shares in the new… Read More
FERRARI N.V. $195 is a buy for aggressive investors. The Italian luxury sports automaker (New York symbol RACE; Manufacturing sector; Shares outstanding: 184.8 million; Market cap: $36.0 billion; Dividend yield 0.6%; Takeover Target Rating: Medium; www.ferrari.com) took its current form in 2015 when parent company Fiat Chrysler Automobiles N.V…. Read More
Stock spinoff investing is about as close as you can get to a sure thing when looking for stocks to add to your portfolio
Over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. Statistics… Read More
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