Spinoff 101
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Created by kkurtzaz
DESCRIPTION:

Date updated:06-20-2007

Planned Spin-off Notes:

Morgan Stanley plans to spin-off Discover June 30, 2007 under the symbol DCF. Call Investor Relations of Morgan Stanley: William Pike 212-761-0008

Medtronic plans to spin-off Physio-control (3rd or 4th Q 2007). Call Investor relations of Medtronic: Martha Goldberg Aronson 763-505-2694

Help us help you stay current. If you know of any pending spin-offs, please email us at kkurtz123@msn.com


Spin-off 101

This a porfolio of spin-offs personally picked. It is not a comprehensive list. Returns on the tracked portfolio may not reflect the true potential since we haven't used any real timing or technical analysis for these listings.

Spin-offs can make great investments for several reasons:

1. They usually result in institutional selling which temporarily depresses price.
2. The independent unit has more entrepreneurial freedom.
3. Separation can create a separate value for a unit depressed by a parent's troubles.

Look for deals where management gets a big payday if the spin-off succeeds.

Don't always fear leverage dumped on the spin-off. This leverage can give it octane.

The parent can spometimes be a good buy too because 1+1 sometimes equals 3

symbol name last price % change open
  • +
  • CSD
    Claymore Beacon
  • $17.73
  • +0.40%
  • $17.65

Claymore/Clear spin-off ETF

People owning CSD also tend to own: DEFNFOOTPPKWCVYDFEDNH

TheStreet.com Rating: No Rating What is this?

  • +
  • EXPE
    Expedia
  • $23.48
  • -0.63%
  • $23.43

Spin-off from Interactive Corp IACI 7-18-05

People owning EXPE also tend to own: AMTANFAVIDCNOCOHCOSTESI

TheStreet.com Rating: D What is this?

  • +
  • TYC
    Tyco Intl Ltd Sw
  • $34.27
  • +0.09%
  • $33.94

Parent to spin-off two units: Covidien and Tyco Electronics

People owning TYC also tend to own: BRK-ACOFEBAYHDJNJLINTAOSTK

TheStreet.com Rating: C- What is this?

  • +
  • WU
    Western Union Com
  • $18.81
  • -0.79%
  • $18.75

Spin-off from First Data FDC 10-2-06

People owning WU also tend to own: BRMRKMSFTMWRKPFEULUSG

TheStreet.com Rating: C+ What is this?

  • +
  • TWC
    Time Warner Cable
  • $41.99
  • +2.49%
  • $41.06

Spin-off from Time Warner TWX 1-10-07

People owning TWC also tend to own: AEPAESAMXAYECELCEZCMCSK

TheStreet.com Rating: D+ What is this?

  • +
  • IAR
    214.38
  • $0.16
  • 0.00
  • $0.16

Spin-off from Verizon VZ 11-20-06

People owning IAR also tend to own: AIXDAMKRASTTBGFCBSCNVRDOW

TheStreet.com Rating: D- What is this?

  • +
  • SE
    Spectra Energy
  • $19.34
  • 0.00%
  • $19.13

Spin-off from Duke Energy DUK 1-3-07

People owning SE also tend to own: AEPAMPAOCCAGCSXEIXF

TheStreet.com Rating: C What is this?

  • +
  • MWA
    Mueller Water Pro
  • $4.86
  • -3.38%
  • $4.97

Spin-off from Walter Industries WMA 5-25-06

People owning MWA also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: D What is this?

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Start Price

Return Value

Start Date

CSD 27.1355 -34.66% Mar 26th
EXPE 23.13 +1.51% Mar 26th
TYC 31.79 +7.80% Mar 26th
WU 22.62 -16.84% Mar 26th
TWC 37.75 +11.23% Mar 26th
IAR 34.35 -99.53% Mar 26th
SE 25.53 -24.25% Mar 26th
MWA 14.08 -65.48% Mar 26th
HBI 28.98 -13.60% Mar 26th
SBH 9.03 -17.28% Mar 26th
TA 37.61 -86.01% Mar 27th
KBR 20.00 +1.40% Mar 27th
TIN 60.46 -73.85% Mar 27th
KFT 31.48 -14.93% Mar 30th
BR 20.51 +9.95% May 22nd
UFS 10.85 +353.46% Jun 6th
VRGY 29.69 -68.58% Jun 13th
SPSN 11.53 ------ Jun 13th

Average return:

-7.63%

Success rate:

35.29%

Tracking Started: 03-26-2007

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