It’s been awhile since we last posted so lets share a few links to ease ourselves back in. We hope to be back at it in two weeks from now. Spinoffs that go bust often lead to lawsuits, in many cases by its creditors. We recently highlighted an example at Noble (NE), but it’s not the only one… Read More »
Hedge funds get rich using OPM (other people’s money) so why not use OPW (other people’s work) to generate some ideas? Might be helpful if volatility is back… Clark Street Value takes a look at two upcoming real estate related spinoffs. The first is Spirit Realty Capital’s (SRC) upcoming ‘bad asset’ portfolio spinoff. It will consist of properties… Read More »
Following the lead of many of its peers, Wyndham Worldwide (WYN) announced that it would spin off its timeshare business into a standalone entity. The new timeshare company will become the largest timeshare company in the world (at least by revenues – $3.4b) and include both Wyndham Vacation Ownership and RCI, a timeshare exchange program. The hotel company generated… Read More »