spin off
Kinaxis Inc. has consistently grown its revenues in the high-demand supply chain SaaS sector—but now has an activist investor who wants it to put itself up for sale.
Suncor Energy offers a high 4.5% yield as it continues to demonstrate financial performance strong enough to commit 100% of excess cash flow to share repurchases.
MONDELEZ INTERNATIONAL INC., $61.93, Nasdaq symbol MDLZ, is a buy.
The company makes cookies and crackers (Oreo, Ritz), chocolate bars (Cadbury, Toblerone), candy (Clorets, Sour Patch Kids) and Halls cough drops.
This week, Mondelez announced a new plan to buy back up to $9 billion of its common shares by December 31, 2027....
The company makes cookies and crackers (Oreo, Ritz), chocolate bars (Cadbury, Toblerone), candy (Clorets, Sour Patch Kids) and Halls cough drops.
This week, Mondelez announced a new plan to buy back up to $9 billion of its common shares by December 31, 2027....
Maple Leaf Foods’ investors stand to gain from its plan to spin off of its fresh pork operations. The company’s new processing facilities should also cut its operating costs. However, the stock will probably make little progress, particularly as it faces a major lawsuit.
MAPLE LEAF FOODS INC....
MAPLE LEAF FOODS INC....
You Can See Our Spinoff Stock Portfolio For January 2025 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....
WESTERN DIGITAL CORP. $70 is a hold. The company (Nasdaq symbol WDC; Manufacturing sector; Shares outstanding: 326.5 million; Market cap: $22.9 billion; No dividend paid; Takeover Target Rating: Medium; www.westerndigital.com) plans to spin off its flash memory business (which represents about half of Western Digital’s revenue) to its shareholders as a tax-deferred dividend....
TSI in the Globe & Mail: Here are 5 companies planning 2025 spinoffs and scoring high Dividend Sustainability marks.
You Can See Our Spinoff Stock Portfolio For December 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....
Diversified manufacturer Honeywell recently announced that it will spin off its Advanced Materials business as a separate firm. That unit make a variety of products, ranging from body armour and pharmaceutical packaging to air-conditioning refrigerants and packaging films.
Activist investor Elliott Investment Management, which owns $5 billion of Honeywell’s shares, instead wants the company to split another way, with one of the new businesses focused on automation, energy and sustainability solutions; the other would be focused on aerospace....
Activist investor Elliott Investment Management, which owns $5 billion of Honeywell’s shares, instead wants the company to split another way, with one of the new businesses focused on automation, energy and sustainability solutions; the other would be focused on aerospace....
OVINTIV INC., $61.74, Toronto symbol OVV, is a buy.
The company operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah). In addition to natural gas, these fields produce large amounts of oil and natural gas liquids.
This week, Ovintiv agreed to acquire certain assets in the Montney region from Paramount Resources Ltd....
The company operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah). In addition to natural gas, these fields produce large amounts of oil and natural gas liquids.
This week, Ovintiv agreed to acquire certain assets in the Montney region from Paramount Resources Ltd....