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In April 2022, telecom giant AT&T Inc. (New York symbol T) merged its WarnerMedia business with Discovery Inc. to form a new company called Warner Bros. Discovery. AT&T investors received 0.241917 shares of WBD as a tax-free distribution for each share they owned.
The new firm has struggled as consumers continue to cut their cable TV subscriptions in favour of streaming services....
The new firm has struggled as consumers continue to cut their cable TV subscriptions in favour of streaming services....
COMCAST CORP. $34 is a hold. The company (Nasdaq symbol CMCSA; Consumer sector; Shares outstanding: 3.9 billion; Market cap: $132.6 billion; Dividend yield 3.8%; Takeover Target Rating: Lowest; www.comcast.com) is a global media giant with five main businesses: Residential Connectivity & Platforms (cable TV systems), Business Services Connectivity, Media (including NBCUniversal), Studios, and Theme Parks.
The company will spin off its cable TV channels—including MSNBC, CNBC and USA Network—as a separate business called Versant....
The company will spin off its cable TV channels—including MSNBC, CNBC and USA Network—as a separate business called Versant....
LYFT INC. $15 is a hold. The company (Nasdaq symbol LYFT; Consumer sector; Shares outstanding: 420.6 million; Market cap: $6.3 billion; No dividend paid; Takeover Target Rating: Medium; www.lyft.com) is the second-largest ride-hailing company in the U.S....
These two recent spinoffs have struggled due to weaker demand for their products. That has attracted activist investors who aim to make improvements, or even sell them to larger firms. While takeovers are hard to predict, we feel Lamb Weston is in a better position to stage a recovery.
VICTORIA’S SECRET & CO....
VICTORIA’S SECRET & CO....
Shareholders of Maple Leaf Foods have now approved the company’s plan to spin off as “Canada Packers Inc.” its business focused on raising and processing hogs.
Before the end of 2025, investors will receive 0.2 of a Canada Packers share for each Maple Leaf share they own....
Before the end of 2025, investors will receive 0.2 of a Canada Packers share for each Maple Leaf share they own....
FORTIVE CORP. $70 is a spinoff buy. The company (New York symbol FTV, Manufacturing sector Shares outstanding: 339.9 million; Market cap: $23.8 billion; Dividend yield: 0.5%; Takeover Target Rating: Medium; www.fortive.com) has three main divisions: Intelligent Operating Solutions makes testing gear that helps industrial customers improve the reliability of their machinery; Precision Technologies makes electrical testing equipment and sensors; and Advanced Healthcare Solutions makes sterilization and disinfection equipment for healthcare facilities.
Fortive, originally a spinoff from Danaher Corp....
Fortive, originally a spinoff from Danaher Corp....
On November 1, 2016, the old Alcoa Inc. split into two separate companies—Arconic Inc. (focused on manufactured aluminum products) and spinoff Alcoa Corp. (focused on bulk aluminum).
Arconic Inc., itself, then split into two companies on April 1, 2020: Howmet and Arconic Corp., which makes rolled aluminum products....
On November 1, 2016, the old Alcoa Inc. split into two separate companies—Arconic Inc. (focused on manufactured aluminum products) and spinoff Alcoa Corp. (focused on bulk aluminum).
Arconic Inc., itself, then split into two companies on April 1, 2020: Howmet and Arconic Corp., which makes rolled aluminum products....
You Can See Our Current Power Recommendations For July 2025 Here.
Understanding our recommendations: Power Buy—These stocks are our top choices for new buying now....
Demand for Major Drilling’s specialized services now looks to be moving up. Meanwhile, Computer Modelling is benefiting from expanded oil and gas drilling in response to overall higher energy prices. We think there are gains ahead for both stocks.
COMPUTER MODELLING GROUP, $6.86, is a buy. The company (Toronto symbol CMG; TSINetwork Rating: Extra Risk) (www.cmgl.ca; Shares outstanding: 82.5 million; Market cap: $566.2 million; Dividend yield: 2.9%) offers software and consulting services to help conventional oil and gas producers create 3D models of reservoirs....