Investing in spinoffs is certainly becoming more ‘mainstream’. As proof, Forbes’ most recent issue had a long writeup on the space titled ‘Why Spinoff Stocks Are Sizzling (And Should Stay Hot)‘. The piece is worth checking out and discusses the usual spinoff investment stuff – elimination of the conglomerate discount, corporate discard, ignored by market etc. – along… Read More »
Like many others, I was first introduced to the world of spinoff investing by reading Joel Greenblatt’s You Can Be A Stock Market Genius. Horrible title (and cover), but great book. In a sense, you might even say that he is the grandfather of this site. Naturally, I am always interested in hearing what he has to say… Read More »
Image via Wikipedia Amidst the turmoil of 2009, my alma mater hosted a small gathering for its alumni working on Wall Street. Typically, these events involve a fair amount of drinking, active networking, soliciting of donations and the inevitable token ‘brief’ remarks from someone in the industry. That evening’s guest of honor was none other than Bill Ackman,… Read More »
Image via Wikipedia A little while ago, we highlighted some interesting academic research looking at the returns of spinoff stocks. Recently, another study looking at the space was published, albeit from a slightly different angle, by Harvard Business School doctoral graduate Emilie Rose Feldman and professors Stuart C. Gilson and Belén Villalonga. The authors attempt to answer one of the… Read More »