Spinoff creates two appealing buys

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… Read More

TC Energy is your top pick for 2024

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… Read More

A new buy for aggressive investors

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. Since then,… Read More

Alcon taps into key global eyecare trends

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… Read More