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.
Canada’s biggest real estate investment was formed when Canadian REIT completes its merger with Loblaw’s Choice Properties REIT.
The new REIT has 726 properties with a total of 65.5 million square feet in retail, industrial and office space. From the time Canadian REIT was first… Read More
Recently a Member of Pat McKeough’s Inner Circle asked his opinion of Canada’s second largest default mortgage insurer.
Overall, says Pat, the company’s fundamentals are sound. With its shares trading at just 8.5 times forecast earnings and a high dividend yield, it looks like an… Read More
CANADIAN NATIONAL RAILWAY CO., $120.61, Toronto symbol CNR, is still a buy.
The company operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
CN last raised its quarterly dividend with… Read More
PAYPAL HOLDINGS INC., $101.77, Nasdaq symbol PYPL, remains a buy for aggressive investors.
The company lets investors tap into the fast-growing field of processing online transactions, including purchases made through the auction websites of its former parent company, eBay.
This week, PayPal agreed to acquire privately held… Read More
Utilize our stock split definition and more to help you boost shareholder returns—plus a look at spinoffs
When a company splits its shares, it is simply cutting itself up into a different number of pieces, without changing its fundamental value. It simply wants its stock to… Read More
Last week, the U.S. House of Representatives finally voted to formalize an impeachment process for President Trump … and the market went up, which seems to have surprised a lot of people.
Generally, it’s a good sign when a long-feared threat like the Trump impeachment vote… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a company that transports, stores, markets and processes oil and natural gas in Alberta, Saskatchewan and internationally.
Pat likes the firm’s steady revenue and cash flow growth since 2013 and feels the high… Read More
Read Next Article →
Cannabis-Connected
As the alcoholic beverage market is threatened by a general decline in alcohol consumption, this firm is positioning itself for a more diversified future. It’s doing this through a growing partnership with a premium marijuana brand to sell cannabis products and cannabis-infused… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on a company that holds interests in 285 properties across Canada, including strip plazas, standalone small-box stores and enclosed shopping centres.
Pat likes the REIT’s distribution, now yielding 6.2% and paid out from a.. Read More
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Cannabis-Connected
Licences for medical and recreational marijuana are potential revenue streams for this Canadian grocery chain that also owns pharmacies. And meanwhile, it’s already selling hemp-based foods and nutritional supplements
YOUR MARIJUANA I.Q.
Think you know all about Marijuana and Investing?
Test your knowledge with… Read More
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