spin off

Medical device maker Baxter International aims to improve shareholder value with new plan to simplify its operations.


Under that plan, it’s selling its BioPharma Solutions business, whose products and services help drugmakers manufacture their products....

TECK RESOURCES LTD., $63.11, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.

The company has cancelled its plan to spin off its metallurgical coal (a key ingredient in steelmaking) operations as a separate firm.

That’s due to difficulty securing the required two-thirds approval of the class B shareholders (1 vote per share), particularly as Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF) has offered to acquire the company for about $23 billion U.S....

You Can See Our Spinoff Stock Portfolio For May 2023 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....

PARKLAND CORP. $32 is a hold. The company (Toronto symbol PKI; Consumer sector; Shares o/s: 175.4 million; Market cap: $5.6 billion; Dividend yield: 4.3%; Takeover Target Rating: Medium; www.parkland.ca) is a Calgary-based marketer, distributor, and refiner of fuel and petroleum products in Canada, the U.S....

KELLOGG COMPANY $67 is a hold. The company (New York symbol K; Consumer sector; Shares outstanding: 342.7 million; Market cap: $23.0 billion; Dividend yield: 3.5%; Takeover Target Rating: Medium; www.kelloggcompany.com) still plans to spin off its North American (U.S., Canadian, and Caribbean) cereal business....

Medical giant Johnson & Johnson is now in the process of spinning off its consumer products business. That will let it focus on its more risky, but potentially more profitable, prescription drugs and medical device businesses.


The stock has dropped 2% since the company announced that plan in November 2021....

TECK RESOURCES LTD. $64 is a buy. The company (Toronto symbol TECK.B; Resources sector; Shares outstanding: 514.5 million; Market cap: $33.3 billion; Dividend yield: 0.8%; Takeover Target Rating: Lowest; www.teck.com) still plans to spin off its metallurgical coal operations as Elk Valley Resources Ltd....

TECK RESOURCES LTD., $60.43, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.

This week, Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF) launched a new offer for the company.

Under its first bid, Glencore proposed to buy Teck for about $23 billion U.S....

TECK RESOURCES LTD. $58 is a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 512.3 million; Market cap: $29.7 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) has rejected an unsolicited takeover worth $23 billion U.S....

SUNCOR ENERGY INC., $42.65, Toronto symbol SU, is a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,590 Petro-Canada gas stations.

With the December 2022 payment, Suncor raised your quarterly dividend by 10.6%, to $0.52 a share from $0.47....