Thursday The Rabbi Went Hungry- Straight Path Begins Trading Down Sharply

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As expected, Straight Path Communications(STRP) began trading today following its spin off from IDT(IDT). We previously described the interesting background of the new company’s CEO, David Jonas(we wonder how many other pulpit Rabbis run public companies). Rabbi Jonas is quite optimistic about the company’s prospects: SPCI’s President & Chief Executive Officer, David Jonas, said, “The spin-off of Straight… Read More »

Harvard Apparatus Regenerative Technology Files Form 10 Moving Spinoff From Harvard Bioscience Closer

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When we last checked in with Harvard Apparatus Regenerative Technology in late March, it was days away from an April IPO of 17% of its stock by parent Harvard Bioscience(HBIO). Soon afterwards, HBIO announced the postponement of the IPO, citing market conditions. On May 1, the company abandoned its plan for an IPO and declared it would spin… Read More »

One Worthless Spinoff Not Enough For You? Epazz Offers A Second

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With the ink barely dry on its press release announcing the spin off of Project Flex(now known as Cooling Technology Solutions, Inc.), Epazz(EPAZ) has announced a second spin based on a vaporous idea.  The company announced a heretofore unmentioned “business” that it would be spinning off that it is calling Project Human Power. What does this business do?… Read More »

Reaching Back In Time: Time Warner Pulls The Ripp-Cord And Names Former Executive CEO Of Magazine Spin

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Time Warner (TWX) has found its man to helm its upcoming magazine spinoff, naming former executive Joseph Ripp as CEO of Time Inc. Mr. Ripp served various roles at Time Inc and Time Warner over a 20 year career there and is expected to join the company in September. He is currently CEO of OneSource Information Services and… Read More »

Epazz Sets Date For Spin Of Concept It Doesn’t Feel Is Worth Discussing

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Call us old fashioned, but we believe a public company should be a working business- not merely an idea.  Shaun Passley, CEO of Epazz(EPAZ) clearly disagrees. As we discussed last week, he plans to spin out companies like cake batter from an out of control mixer. Since then, the company has announced its first spinoff, Project Flex, and… Read More »

Senior M&A Attorney Puts Corporations On Notice: ‘Any Company Is A Potential Target’

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These pages have frequently highlighted the many victories notched by activists pushing for breakups. We are big, big fans of those guys. Of course, like all good battles, the other side doesn’t just sit back and wait to be ambushed. No, new tactics are drawn up, plans laid and in this case that means talking to lawyers. About… Read More »

Telecom Italia Fixed Line Spinoff On Hold After Regulator Cuts Wholesale Pricing

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The Wall Street Journal reports that Telecom Italia(TI) has put its planned spinoff of fixed line assets on hold following a decision by regulator AGCOM to cut the wholesale rates that others firms pay to the fixed line business. After an extraordinary board meeting, the former state-owned company said the continuation of the project is subject to verification… Read More »

Head In The Clouds- Investors Should Take An Epazz On This Vapor Machine

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While we’ve seen press releases  from Epazz(EPAZ) before, we just never bothered writing about it. We hope you’ll forgive us. After all this nanocap has shared no specifics, just hype about a slew of upcoming spinoffs, from a company which itself has a market cap of under $2.5 million.  The company’s hype-filled press release yesterday, titled “Epazz Transitioning… Read More »

Ingersoll-Rand Pledges Allegion To The Spin

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Months after caving into demands from activist investor Nelson Peltz to break itself up, Ingersoll-Rand (IR) has started releasing details on its commercial & residential security spinoff. The new company will be named Allegion and is expected to trade on the NYSE under the ticker ‘ALLE’. According to the press release, the name was chosen because it represents ‘the… Read More »

Orchard Supply Stock Plunges After Management Says Equity Expected To Be Worthless

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We (and many others) had been puzzled by the strange strength in Orchard Supply Hardware(OSH) equity following its bankruptcy filing earlier this week.  The bubble burst today when the company issued an announcement warning that equity was expected to be a complete loss. Orchard’s management has noticed high trading volume in Orchard’s Class A Common Stock and Series… Read More »