spinoffs
ALPHABET INC., Nasdaq symbols GOOG $143.54 [class C: non-voting] and GOOGL $142.38 [class A: one vote per share], is your #1 Aggressive buy for 2024.
The company is the parent of Google, the world’s leading Internet search engine—it handles over 90% of global search requests....
The company is the parent of Google, the world’s leading Internet search engine—it handles over 90% of global search requests....
You Can See Our Spinoff Stock Portfolio For February 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....
On December 1, 2023, Worthington Industries spun off its steel processing operations as Worthington Steel. Shareholders received one share of the new firm for each share they held. The former parent then changed its name to Worthington Enterprises.
The split should let both firms better focus on their core markets and so unlock shareholder value....
The split should let both firms better focus on their core markets and so unlock shareholder value....
Pipeline giant TC Energy is your #1 Spinoff Buy for 2024. The former TransCanada Pipelines will soon spin off its oil pipeline business and its remaining operations will consist of gas pipelines and electrical power assets.
The stock has gained 11% since the spinoff announcement in July 2023....
This month, we’re adding Danaher to our Aggressive Growth Portfolio. This maker of specialized measuring equipment and tools is a long-time recommendation of our TSI Spinoffs and Takeovers newsletter, which focuses on spinoffs and their former parent companies.
Danaher has completed three spinoffs since July 2016....
Danaher has completed three spinoffs since July 2016....
Swiss pharmaceutical giant Novartis spun off Alcon in 2019. As we’ve said many times before, spinoffs are the closest thing you can find to a sure thing, regardless of the market’s rise and fall. Moreover, trends now underway—as well as Alcon’s strong position in its key markets—will drive future gains for this Power Buy.
ALCON, $75.04, is a buy. The firm (New York symbol ALC; TSINetwork Rating: Extra Risk) (www.alcon.com; Shares outstanding: 499.7 million; Market cap: $37.1 billion; Dividend yield 0.3%) is the world’s biggest eye-care company....
You Can See Our Spinoff Stock Portfolio For January 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....
In November 2014, Agilent spun off its electronic testing equipment business as Keysight Technologies. Agilent shareholders received one Keysight share for every two shares they held.
While both stocks have dropped lately, they remain terrific examples of why spinoffs are the closest thing you can find to a sure thing....
In the past few years, many well-established conglomerates, such as General Electric and Danaher, have spun off some of their smaller businesses to help eliminate a “holding company discount.”
Honeywell did the same in October 2018, spinning off its building products business (called Resideo)....
Honeywell did the same in October 2018, spinning off its building products business (called Resideo)....
Corteva shares offer investors exposure to an agricultural leader in key growth areas. At the same time, a prominent activist investor for the company is spurring Corteva to make improvements.
Note that the stock, itself, is a spinoff. As you’ve heard us say before, spinoffs are about as close as you can get to a sure thing in investing....
Note that the stock, itself, is a spinoff. As you’ve heard us say before, spinoffs are about as close as you can get to a sure thing in investing....