We still prefer the spinoff to its parent

The shares of industrial conglomerate General Electric have gained 55% since it decided to split into three separate firms in November 2021. The company now expects to complete the final spinoff in April 2024. While the breakup should ultimately benefit investors, the recent healthcare equipment… Read More

Keep on top of stock updates: AbbVie, 3M, & W.P. Carey

ABBVIE INC. $162 is a buy. The company (New York symbol ABBV; Manufacturing sector; Shares outstanding: 1.8 billion; Market cap: $291.6 billion; Dividend yield: 3.8%; Takeover Target Rating: Medium; www.abbvie.com) makes medical devices, diagnostic tests, pediatric and adult nutritional products, and generic drugs.
AbbVie has agreed to acquire ImmunoGen Inc… Read More

Edwards is poised to lift your gains

Medical products maker Edwards Lifesciences was originally a unit of Baxter International Inc. (New York symbol BAX) until that firm spun off Edwards as a separate company in March 2000.
Edwards now plans a spinoff of its own, setting up its Critical Care business, which makes… Read More

These spinoffs don’t inspire us

Each of these two firms recently decided to merge one of its businesses with another firm instead of pursuing a full spinoff. While these moves improve their outlook, we feel there are better opportunities for your spinoff gains.
LIONS GATE ENTERTAINMENT CORP. $10 is a hold. The… Read More

TC Energy is your top pick for 2024

Pipeline giant TC Energy is your #1 Spinoff Buy for 2024. The former TransCanada Pipelines will soon spin off its oil pipeline business and its remaining operations will consist of gas pipelines and electrical power assets.
The stock has gained 11% since the spinoff announcement in… Read More

TC’s spinoff is still on

TC ENERGY INC., $52.79, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $54.3 billion; TSINetwork Rating: Above Average; Dividend yield: 7.1%; www.tcenergy.com) still plans to spin off its oil pipelines division as a separate, publicly traded company called South Bow Corp.
The new… Read More