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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Improved active user numbers weren’t enough to stem a 1.9% revenue dip during the most-recent quarter.
However, the company is looking to sell non-core assets, which could create a lucrative spinoff situation for shareholders.
The stock trades at 9.6 times the company’s 2020 earnings forecast.
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EBAY INC. (Nasdaq… Read More
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Today’s Inner Circle Q&A features a special report from Pat on the current state of the stock market in light of the coronavirus, and its impact on your investments.
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Linamar’s shares were trading as high as $80.59 a share in November 2017. They have since fallen to $39.53—a 50.9% drop in market value. That includes the 20.1% decrease since the start of 2020. Some investors worry this downward trend will continue, mainly because the… Read More
APPLE INC., $313.05, Nasdaq symbol AAPL, is still a hold.
Due to the coronavirus outbreak in China, Apple investors should now expect the company’s revenue in the quarter ending March 31, 2020, to fall short of its earlier forecast of $63.0 billion to $67.0 billion.
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HP INC., $22.37, New York symbol HPQ, is still a hold.
On November 1, 2015, the old Hewlett-Packard Co. split into two firms—HP Inc. and Hewlett-Packard Enterprise (see below). For every share they held in the old HP, investors received one share in each of the… Read More
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Changes to this Policy
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