Time for another edition of Odds & Ends… 1. Yet Another Value Blog has a follow up piece to its initial recommendation of Kontoor Brands (KTB), the 2019 jeans spinoff from VF Corp (VFC). The company initially recovered from the usual post-spin dynamics, but has been hit especially hard this year. Interestingly, according to YAVB one reason is… Read More »
Let’s kick off the week with another edition of the always eclectic Spinoff Odds and Ends: 1) Thyssenkrupp Update We provided an update on thyssenkrupp’s (TKAMY) new ‘strategic direction’ last week. The JV with Tata Steel is out and the elevator business spinoff was scrapped for an IPO instead. Just a few days later though, the story seems… Read More »
We discussed one scrapped spinoff earlier this week – Brunswick’s Life Fitness – but, alas, it wasn’t an isolated incident. In this edition of Odds & Ends we catch you up on the latest in abandoned spin plans: 1. Thyssenkrupp’s Elevator Spinoff thyssenkrupp (TKAMY) shocked the markets with a stunning strategic about face ‘reset’ last week. Seven months… Read More »