spin off
ABBVIE INC., $199.50, New York symbol ABBV, is a buy.
The company makes biopharmaceuticals, with leading positions in immunology, oncology, aesthetics, neuroscience and eye care.
AbbVie took its current form on January 3, 2013, when Abbott Laboratories (New York symbol ABT) split into two publicly traded firms.
The company will raise your quarterly dividend with the February 2025 payment by 5.8%, to $1.64 a share from $1.55....
The company makes biopharmaceuticals, with leading positions in immunology, oncology, aesthetics, neuroscience and eye care.
AbbVie took its current form on January 3, 2013, when Abbott Laboratories (New York symbol ABT) split into two publicly traded firms.
The company will raise your quarterly dividend with the February 2025 payment by 5.8%, to $1.64 a share from $1.55....
CENOVUS ENERGY INC., $21.89, Toronto symbol CVE, remains a buy for the Resources section of your portfolio.
The company is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor (see next Hotline item)....
The company is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor (see next Hotline item)....
MODINE MANUFACTURING CO., $132.79, symbol MOD on New York, provides thermal management products and solutions to customers in the commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (“HVAC&R”) markets. In addition, it provides engineered heat transfer systems and high-quality heat transfer components.
In the quarter ended June 30, 2024, the company’s revenue increased 6.3%, to $661.5 million from $622.4 million a year earlier....
In the quarter ended June 30, 2024, the company’s revenue increased 6.3%, to $661.5 million from $622.4 million a year earlier....
These two medical industry leaders are facing demands from activists to expand their current cost-cutting plans. While that pressure helps draw investor attention to their high-quality assets, Pfizer is your better choice for long-term gains.
PFIZER INC....
PFIZER INC....
You Can See Our Spinoff Stock Portfolio For November 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....
We like the outlook for these two industrial firms as they move to simplify their operations. Still, we can only recommend one as a buy right now.
DUPONT DE NEMOURS INC. $85 is a buy. The company (New York symbol DD; Manufacturing sector; Shares outstanding: 430.0 million; Market cap: $36.6 billion; Dividend yield: 1.8%; Takeover Target Rating: Medium; www.dupont.com) took its current form on June 1, 2019, when it set up Corteva (its agriculture business) as a separate company (New York symbol CTVA)....
DUPONT DE NEMOURS INC. $85 is a buy. The company (New York symbol DD; Manufacturing sector; Shares outstanding: 430.0 million; Market cap: $36.6 billion; Dividend yield: 1.8%; Takeover Target Rating: Medium; www.dupont.com) took its current form on June 1, 2019, when it set up Corteva (its agriculture business) as a separate company (New York symbol CTVA)....
In March 2021, golf equipment maker Callaway Golf and driving range operator Topgolf merged in an all-stock transaction valued at $2.6 billion. Topgolf shareholders received 90 million Callaway shares. In 2022, the company was renamed Topgolf Callaway Brands. It also changed its stock-exchange symbol from “ELY” to “MODG.”
It now seems that the benefits of the merger have not materialized....
It now seems that the benefits of the merger have not materialized....
You Can See Our Spinoff Stock Portfolio For October 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....
We keep an eye on activist investors, as they tend to look for the same things we do—companies with undervalued assets that they can sell or spin off to improve shareholder value. Two recent targets, Kinaxis and News Corp., have attractive assets. However, they will probably resist activist demands, which could hurt their stock prices.
KINAXIS INC....
KINAXIS INC....
SALESFORCE INC., $254.57, symbol CRM on New York, provides cloud-based software for customer relationship management applications such as sales, customer service, marketing automation, e-commerce, analytics, and application development.
Founded in 1999 by current CEO Marc Benioff and three other co-founders, the company pioneered the SaaS (software as a service) software model and subscription-based revenue.
Software-as-a-service is where subscribers pay a monthly or yearly fee for software implementation, support and upgrades....
Founded in 1999 by current CEO Marc Benioff and three other co-founders, the company pioneered the SaaS (software as a service) software model and subscription-based revenue.
Software-as-a-service is where subscribers pay a monthly or yearly fee for software implementation, support and upgrades....