High-quality firms make better spinoffs

Some spinoffs pay off almost immediately. High-quality firm Carrier is an example and is now up 235% since it was spun off less than two years ago. However, other spinoffs, like Vector Group and its recent Douglas Elliman spinoff, carry much more risk. Those two… Read More

These spinoffs are still going strong

On April 3, 2020, Raytheon Technologies Corp. (New York symbol RTX), formerly United Technologies (old symbol UTX), spun off its Otis (elevators) and Carrier (heating and air conditioning equipment) businesses. For each UTX share they held, investors received 0.5 of a share in Otis and… Read More