It’s a summer Friday – here are a few links for your enjoyment: 1) Gannett (GCI) recently transformed itself via spinoff (the parent company changed its name to TEGNA(TGNA)) into a print focused business. New CEO Robert Dickey is tasked with building a business in a market that is facing severe secular headwinds. So what is the plan?… Read More »
One of the attractions of spinoffs is that they tend to be underfollowed companies out of the gate. Of course, that isn’t always the case and DuPont’s (DD) recent Chemours (CC) spin has sure gotten plenty of attention although most of it hasn’t been so great. Wall Street’s opinions started rolling in about a week prior to the… Read More »
What a week for spinoffs. Truly historic. Beginning on Monday with TEGNA (TGNA)/Gannett (GCI), the ‘Summer of Spin’ crescendoed yesterday with the completion of six more spins: DuPont (DD) spun off its performance chemicals unit (including Teflon) into Chemours (CC). The new company told investors it plans on paying out a stable dividend, which is somewhat unusual for such… Read More »
Calling all spinoff lovers – it’s time to get your hard hats on because the end of this month is going to be crazy. Just call it the ‘Summer of Spin’. In the somewhat improbable five plus years we have been running this site (and I am willing to bet over the course of history), there has never… Read More »