spin off
You Can See Our Spinoff Stock Portfolio For February 2024 Here.
Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:
1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.
2) Spinoffs involve a lot of work and legal fees....
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 biopharmaceuticals, with leading positions in immunology, oncology, aesthetics, neuroscience and eye care.
AbbVie has agreed to acquire ImmunoGen Inc....
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 patient monitoring equipment, as a separate firm....
Edwards now plans a spinoff of its own, setting up its Critical Care business, which makes patient monitoring equipment, as a separate firm....
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....
LIONS GATE ENTERTAINMENT CORP....
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 July 2023....
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 firm gets 88% of its earnings before interest, taxes, depreciation and amortization (EBITDA) from long-term contracts with oil shippers, which cuts its risk....
These two producers of medical devices are selling or spinning off smaller operations. That will let them better focus on their main businesses. Although both stocks have dropped lately due to fears that new weight-loss drugs will hurt demand for their products, we feel both will benefit from an aging population.
BAXTER INTERNATIONAL INC....
This month, we’re adding Danaher to our Aggressive Growth Portfolio. This maker of specialized measuring equipment and tools is a long-time recommendation of our TSI Spinoffs and Takeovers newsletter, which focuses on spinoffs and their former parent companies.
Danaher has completed three spinoffs since July 2016....
Danaher has completed three spinoffs since July 2016....
SYSCO CORP., $73.54, symbol SYY on New York, is a global leader in food distribution. It operates 334 distribution facilities worldwide, serving approximately 725,000 customers.
On December 4, 2023, Sysco announced that it completed the acquisition of Edward Don & Company, a leading distributor of foodservice equipment....
On December 4, 2023, Sysco announced that it completed the acquisition of Edward Don & Company, a leading distributor of foodservice equipment....
You Can See Our Spinoff Stock Portfolio For January 2024 Here.
Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:
1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.
2) Spinoffs involve a lot of work and legal fees....