Month: October 2014

Civeo Chooses Canada C, Shareholders Flee (But Not Me)

Only a few scant months ago, Civeo (CVEO) was born, spun out of Oil States International (OIS) after activist pressure from Jana Partners and David Einhorn. The plan was for the workforce accommodations firm to convert to a REIT, as we described in this May post: Looking ahead, Civeo is studying the possible conversion to REIT status however,… Read More »

With Completion Of Spinoff, CDK Global Drives Off On Its Own, Leaving ADP Behind

Panicked Automatic Data Processing (ADP) shareholders need not worry about their stock appearing on many ‘Top Losers’ lists yesterday. Yes, the company declined a lot, but that was due to yesterday being the first day of trading following the spinoff of its dealer services business CDK Global (CDK). ADP shareholders should have received one share of CDK for every… Read More »