Chip Rewey is the manager of Third Avenue’s Value(TVFVX) and Small Cap Value(TVSVX) funds, having recently succeeded value investing legend Marty Whitman. Rewey was interviewed by Barrons.com yesterday, and shared his excitement about SPX Flow(FLOW), which was very recently spun off from SPX Corp(SPXC). Q:Have fears over oil and gas led you to other opportunities lately? A: SPX… Read More »
Rumor (according to Bloomberg) is that Visteon (VC) is considering a breakup into two companies, with one entity focused on its electronics unit and the other on its climate business. The move shows just how far Visteon, itself a spinoff from Ford Motor (F) back in 2000, has come since seeking bankruptcy protection just five years ago. As part… Read More »
Breakups and spinoff ideas are forming everywhere. The WSJ had an article this past weekend discussing a possible spinoff of Johnson Controls’ (JCI) seating business. JCI operates three different business segments – building efficiency, auto supply and power supplies (batteries) – with auto supply, which includes seating, being the largest segment in terms of revenue. The company has a strong… Read More »