Fuel your returns with these spinoffs

Article Excerpt

New spinoff stocks often drift sideways for a few years until building a history of earnings and attracting analysts. As a new spinoff from Danaher, Envista is still an attractive choice for aggressive investors. However, we’re less confident about Match Group’s short-term prospects even as parent company IAC hands out the rest of its holding in the new company to its investors. ENVISTA HOLDINGS CORP. $12 is a spinoff buy. The company (New York symbol NVST; Manufacturing tor; Shares outstanding: 158.9 million; Market cap: $1.9 billion; No dividend paid; Takeover Target: Medium; www.envistaco.com) makes a wide variety of dental equipment, such as dental implant systems, brackets and wires, aligners, bonding agents and cements. Its three operating businesses—Nobel Biocare Systems, KaVo Kerr, and Ormco—serve one million dentists in over 150 countries. On September 18, 2019, Danaher Corp. (New York symbol DHR) sold 26.8 million Envista shares to the public at $22.00 each. (Danaher is our #1 spinoff stock for 2020.) In December 2019, Danaher transferred its remaining Envista shares to its…