spinoffs
A spinoff takes place when a company decides to get rid of a portion of its asset base, possibly because it wants to focus its activities elsewhere, but is unable to sell the assets for a price that it feels reflects their value. Instead, the parent company sets the assets up as a separate company, then hands out shares in that publicly listed firm to its current investors.
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UNITED TECHNOLOGIES CORP. $137 (New York symbol UTX; Conservative-Growth Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 862.8 million; Market cap: $118.2 billion; Dividend yield: 2.1%; Dividend Sustainability Rating: Above Average; www.utc.com) is leading maker of jet engines (Pratt & Whitney), aircraft controls (Collins Aerospace Systems), heating and air-conditioning equipment (Carrier), and elevators (Otis).
Overall revenue fell 3.1%, from $57.9 billion in 2014 to $56.1 billion in 2015 on the sale of its Sikorsky helicopter business for $9 billion....
Overall revenue fell 3.1%, from $57.9 billion in 2014 to $56.1 billion in 2015 on the sale of its Sikorsky helicopter business for $9 billion....
Comparing a direct listing against an IPO will show that the direct route is cheaper. But stock quality is still the most important factor in a buy decision
Invest in upcoming stock spinoffs over new issues to profit over the long term. That’s because spinoffs tend to perform better over time than their IPO counterparts
Look beyond the “hot” IPOs listed in Canadian stock market news and look for the less noticeable spinoffs to increase the potential for profitable investing
Follow these Successful investment rules to help you find winners like spinoffs—and avoid potential losers like new issues
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Our Spinoffs, Takeovers and Special Situations newsletter focuses on the three types of investment opportunities in its name. Huntsman and Danaher were two of our earliest recommendations in the Spinoffs area. Each had just completed a spinoff of a smaller business.
In July 2016, Danaher handed out 100% the shares in its Fortive subsidiary to its own shareholders, as a special dividend....
In July 2016, Danaher handed out 100% the shares in its Fortive subsidiary to its own shareholders, as a special dividend....
Our Takeover Target Rating considers a range of factors to determine the chances of a spinoff company attracting takeover interest in the short to medium term:
We look for a profitable spinoff with low debt and with hidden assets. As well, spinoffs with no major shareholder and facing little regulatory or anti-trust constraints have strong appeal.
Does the spinoff have an affordable market value, meaning it’s a manageable purchase for a major industry competitor? Spinoffs with top-quality, but underperforming, assets also attract takeover interest....
We look for a profitable spinoff with low debt and with hidden assets. As well, spinoffs with no major shareholder and facing little regulatory or anti-trust constraints have strong appeal.
Does the spinoff have an affordable market value, meaning it’s a manageable purchase for a major industry competitor? Spinoffs with top-quality, but underperforming, assets also attract takeover interest....