spin off
L BRANDS INC., $66 is a spinoff buy. The merchant (New York symbol LB; Consumer sector; Shares outstanding: 277.8 million; Market cap: $18.3 billion; Dividend yield: 0.9%; Takeover Target Rating: Medium; www.lb.com) owns two retail chains: Victoria’s Secret stores (which sell lingerie); and Bath & Body Works outlets (personal-care products, including soaps and shampoos).
L Brands has now decided to spin off Victoria’s Secret despite several offers to buy the chain....
L Brands has now decided to spin off Victoria’s Secret despite several offers to buy the chain....
On January 1, 2018, medical device maker Becton Dickinson acquired rival C.R. Bard (old New York symbol BCR) for $25 billion in cash and shares.
Despite the benefits of this purchase, Becton’s shares have gained just 3% in the past year. That’s because hospitals have deferred many procedures to free up capacity for COVID-19 patients....
Despite the benefits of this purchase, Becton’s shares have gained just 3% in the past year. That’s because hospitals have deferred many procedures to free up capacity for COVID-19 patients....
PRUDENTIAL PLC $42 is a hold. The company (New York symbol PUK; Finance sector; ADRs outstanding: 1.3 billion; Market cap: $54.6 billion; Dividend yield: 1.0%; Takeover Target Rating: Medium; www.prudentialplc.com) is U.K.-based provider of insurance and other financial services....
Holding companies often own a variety of unrelated businesses. As a result the shares of those complex companies tend to trade for less than the value of their assets.
One of the best ways to reduce or eliminate this “holding company discount” is for the firm to sell or spin off some its holdings.
George Weston is a great example....
One of the best ways to reduce or eliminate this “holding company discount” is for the firm to sell or spin off some its holdings.
George Weston is a great example....
Canadian Utilities remains a great pick for income-seeking investors. In fact, in our TSI Dividend Advisor newsletter, the company earns our “Highest” Dividend Sustainability Rating. That measures how likely a company is to maintain—or, even better, keep raising—its dividend....
We recently added pharmaceutical maker AbbVie to our coverage. The company has strong appeal for income-seeking investors, as it has increased its dividend each year since it became a public company in 2013. As well, AbbVie could spin off part of its recent acquisition of Allergan, which would further enhance your returns.
ABBVIE INC....
ABBVIE INC....
Lennar is up nearly 40% since the start of 2021, partly because COVID-19 has spurred demand for new houses in suburban areas as more people work from home. Home buyers are also taking advantage of low interest rates to upgrade their homes. We feel these trends will continue to spur the stock higher in the next few years....
IAC/INTERACTIVE CORP. $238 is a buy. The Internet and media company (Nasdaq symbol IAC; Manufacturing & Industry Sector; Shares outstanding: 85.3 million; Market cap: $20.3 billion; No dividend paid; Takeover Target Rating: Lowest; www.iac.com) still plans to spin off its Vimeo business as a separate company....
The stock market rebound from the March 2020 downturn at the start of the pandemic spurred several spinoff announcements. More announcements have followed in the year since. Here are two recent spinoffs (one completed, one upcoming) that we like.
VERINT SYSTEMS INC....
We keep an eye on the actions of activist investors; like us, they seek out companies with undervalued assets that they can sell or spin off to boost their value. However, looking at GameStop and Bausch, we don’t share the enthusiasm of their prominent activists.
GAMESTOP CORP....