A few weeks ago we highlighted Mohnish Pabrai’s S&P crushing Spinoff Portfolio. While the historical results were merely backtested, 2018 has gotten off to a tremendous start. Despite a big decline at Adient (ADNT), the fund was boosted by General Dynamic’s (GD) ~$9.6b (including debt) takeover of government IT services provider CSRA (CSRA). The deal is actually an all cash… Read More »
It’s a new year (relatively speaking at this point) and some readers are likely evaluating their investment strategies for 2018. If you can stomach a healthy dose of volatility then Mohnish Pabrai has just the thing for you – a concentrated portfolio of spinoffs! For those wondering, Mr. Pabrai founded both the Dhando Fund and Pabrai Investment Funds… Read More »
ConAgra’s (CAG) planned spinoff of its potato product business, Lamb Weston, is making progress. The most recent milestones achieved were the filing of the company’s initial Form 10 and the naming of its top executives. Thomas Werner, currently President of ConAgra’s Commercial Foods business, will become CEO and Tim McLevish, currently a consultant, will become Executive Chairman. Sean… Read More »