A few links to close out a busy month: The WSJ notes that since the spinoff of PayPal (PYPL), EBay’s (EBAY) post-earnings stock price volatility has increased dramatically. Prior to last week’s announcement, the name had moved double digit percentages in four of the previous five announcements – that is some serious movement. As possible reasons, the article… Read More »
In 2006, Sara Lee, now Hilshire Farm(HSH), loaded up HanesBrands(HBI) with lots of debt and spun it off. Seven years later, after weathering a financial crisis, steadily paying down debt and improving profitability, the company has announced it will pay a quarterly dividend of $.20, beginning in June. The dividend will be paid on June 3, to shareholders… Read More »
Twenty seven years after Consolidated Foods became Sara Lee, Sara Lee is retiring as a corporate name. Months of preparation culminated in a flurry of activity today, in which Sara Lee shareholders received a goodie bag containing 1 share of D.E. Master Blenders 1753(DEMBF), an international coffee company trading in Amsterdam, a $3 special cash dividend, and 0.2… Read More »
We are entering the final months of the Sara Lee(SLE) conglomerate. The empire, which once included Coach(COH) handbags and Hanes(HBI) underwear, is aiming spin off its Coffee & Tea business(CoffeeCo) in April or May, though no final date has been set. As the date finally approaches(this was first announced a year ago), the company is taking steps to… Read More »
Sara Lee(SLE) continues to prepare for the second quarter spin off of their coffee and tea business, leaving behind their North American meats division, a business they are still calling, improbably, MeatCo. While it doesn’t yet have a real name, it does now have a CEO, as the company announced Friday that Sean Connolly, President of Campbell North… Read More »