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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We’ve had great success over the years in picking stocks with underappreciated assets. ConAgra, a long-time favourite, is a prime example. It has just handed out shares in its Lamb Weston subsidiary to its investors. Parents and spinoffs tend to outperform comparable stocks....
TEGNA INC. $22 (New York symbol TGNA; Conservative Growth Portfolio, Consumer sector: Shares outstanding: 214.3 million; Market cap: $4.7 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.5%; TSINetwork Rating: Average; www.tegna.com) owns 46 TV stations and several popular websites, including Cars.com (car sales and vehicle information), CareerBuilder (job search), Cofactor (advertising services) and G/O Digital (website design)....
FIRSTSERVICE CORP. $63.94 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.7 million; Market cap: $2.3 billion; Dividend yield: 0.9%) set up its commercial real estate business, Colliers International Group, as a separate company on June 2, 2015....
FIRSTSERVICE CORP. $63.94 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.7 million; Market cap: $2.3 billion; Dividend yield: 0.9%) set up its commercial real estate business, Colliers International Group, as a separate company on June 2, 2015....
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We advise investors to diversify their Finance sector holdings with non-bank stocks such as the four we analyze below. All are leaders in their niche fields, which helps cut their risk. Three are also spinoffs from larger firms. That has spurred their share prices....
BAXALTA INC. supports the value we place on spinoffs. The company makes vaccines and drugs. Until July 1, 2015, it was a subsidiary of Baxter International (New York symbol BAX). That’s when Baxter set it up as a separate firm. Investors received one Baxalta share for every Baxter share they held....
BAXALTA INC. supports the value we place on spinoffs. The company makes vaccines and drugs. Until July 1, 2015, it was a subsidiary of Baxter International (New York symbol BAX). That’s when Baxter set it up as a separate firm. Investors received one Baxalta share for every Baxter share they held....
Value stocks are usually good bargains, but not all bargain stocks are good values. The search for value stocks that will rise—and hold their value—begins with sound fundamental investing. You look for stocks that have what it takes to be successful in the long term, even if investors haven’t yet anticipated how successful the company can be. Our new free report shows how to spot the best of these value stocks....