spin off
General Electric’s shares are down over 20% since the start of 2017. The decline is largely due to uncertainty about future oil prices. That volatility has prompted many producers to delay new purchases of GE’s drilling equipment. The company’s overall sales have also slowed because of a global oversupply of locomotives....
Dear Client:
In July 2015, eBay spun off its PayPal business as a separate company. eBay investors received one PayPal share for each share they held.
Share prices for both have jumped since the spinoff. That’s mainly because each is now focused on the expansion of its main businesses....
In July 2015, eBay spun off its PayPal business as a separate company. eBay investors received one PayPal share for each share they held.
Share prices for both have jumped since the spinoff. That’s mainly because each is now focused on the expansion of its main businesses....
Stock spinoffs can become some of the biggest undervalued stocks in the market
CISCO SYSTEMS INC. $33 (www.cisco.com) makes hardware and software for linking and managing computer networks. The company has completed its acquisition of AppDynamics Inc. That San Franciscobased firm makes software that helps large organizations monitors the performance of their websites and mobile apps....
A: Johnson & Johnson, $124.44, symbol JNJ on New York (Shares outstanding: 2.7 billion; Market cap: $337.1 billion; www.jnj.com), operates through three major businesses:
Pharmaceutical (47% of revenue) makes anti-infective, antipsychotic, contraceptive, dermatological and gastrointestinal drugs;
Medical devices and diagnostics (35%) sells equipment for joint reconstruction and managing circulatory diseases;
Consumer (18%) makes over-the-counter products such as Johnson’s baby-care items, Band-Aid bandages, Tylenol and Motrin painkillers, Listerine mouthwash and Neutrogena skin cream.
Partly due to acquisitions, the company’s revenue rose 3.4%, from $67.2 billion in 2012 to $71.3 billion in 2013....
Pharmaceutical (47% of revenue) makes anti-infective, antipsychotic, contraceptive, dermatological and gastrointestinal drugs;
Medical devices and diagnostics (35%) sells equipment for joint reconstruction and managing circulatory diseases;
Consumer (18%) makes over-the-counter products such as Johnson’s baby-care items, Band-Aid bandages, Tylenol and Motrin painkillers, Listerine mouthwash and Neutrogena skin cream.
Partly due to acquisitions, the company’s revenue rose 3.4%, from $67.2 billion in 2012 to $71.3 billion in 2013....
Higher interest rates, and plans by the U.S. Federal Reserve to further raise them, have spurred big gains for U.S. bank stocks. They’ve also lifted the outlook for other Finance-sector companies.
We continue to recommend investors buy non-bank stocks as a part of their Finance-sector holdings....
We continue to recommend investors buy non-bank stocks as a part of their Finance-sector holdings....
TEGNA INC. $26 (New York symbol TGNA; Conservative Growth Portfolio, Consumer sector: Shares outstanding: 214.8 million; Market cap: $5.6 billion; Price-to-sales ratio: 1.7; Dividend yield: 2.2%; TSINetwork Rating: Average; www.tegna.com) gets 60% of its revenue and 80% of its earnings from its 46 TV stations....
In late 2016, three of our long-time recommendations (Alcoa, Conagra and Yum Brands) each set up a part of its business as a separate company. Each then handed its investors shares in the new company.
Studies have shown that these new firms (called spinoffs) and their former parents tend to outperform groups of comparable stocks for several years....
Studies have shown that these new firms (called spinoffs) and their former parents tend to outperform groups of comparable stocks for several years....
PROCTER & GAMBLE CO. $91 (New York symbol PG; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 2.7 billion; Market cap: $245.7 billion; Price-to-sales ratio: 3.6; Dividend yield: 2.9%; TSINetwork Rating: Above Average; www.pg.com) is one of the world’s largest makers of household and personal-care goods....
Canadian Utilities and ATCO offer investors two ways to buy essentially the same businesses.
We like both stocks, but income-seeking investors should pick Canadian Utilities for its higher payout. Value seekers, on the other hand, should buy the parent, ATCO, for its holding company discount.
CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $37 and CU.X [class B voting] $37; Income-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 268.1 million; Market cap: $9.9 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Highest; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia....
We like both stocks, but income-seeking investors should pick Canadian Utilities for its higher payout. Value seekers, on the other hand, should buy the parent, ATCO, for its holding company discount.
CANADIAN UTILITIES LTD. (Toronto symbols CU [class A non-voting] $37 and CU.X [class B voting] $37; Income-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 268.1 million; Market cap: $9.9 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Highest; www.canadianutilities.com) distributes electricity and natural gas in Alberta and Australia....