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/clear Sp
  • $12.66
  • -9.31%
  • $12.64

Claymore/Clear spin-off ETF

People owning CSD also tend to own: DEFNFOOTPPKWCVYDFEDNH

TheStreet.com Rating: No Rating What is this?

  • +
  • EXPE
    Expedia
  • $10.93
  • -4.37%
  • $11.31

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

People owning EXPE also tend to own: IACIMCDVRTXXECDISCALBTYALCAPA

TheStreet.com Rating: C+ What is this?

  • +
  • TYC
    Tyco Intl Ltd Ne
  • $24.11
  • -7.48%
  • $25.49

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

People owning TYC also tend to own: BRK-ACOFEBAYHDJNJLINTAOSTK

TheStreet.com Rating: D What is this?

  • +
  • WU
    Western Union Com
  • $14.95
  • -10.75%
  • $16.38

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
  • $19.26
  • -5.87%
  • $20.15

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

People owning TWC also tend to own: AAPLAMSCAMZNBIDUCHLCMGIDNDN

TheStreet.com Rating: C- What is this?

  • +
  • IAR
    Idearc Inc
  • $0.70
  • -10.27%
  • $0.80

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
  • $17.14
  • -8.10%
  • $18.25

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

People owning SE also tend to own: CNQGEMWAPFEPWEUPSWAG

TheStreet.com Rating: C What is this?

  • +
  • MWA
    Mueller Water Pro
  • $6.74
  • -6.39%
  • $6.98

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

People owning MWA also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: C What is this?

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Start Price

Return Value

Start Date
CSD 27.1355 -53.35% Mar 26th
EXPE 23.13 -52.75% Mar 26th
TYC 31.79 -24.16% Mar 26th
WU 22.62 -33.91% Mar 26th
TWC 37.75 -48.98% Mar 26th
IAR 34.35 -97.96% Mar 26th
SE 25.53 -32.86% Mar 26th
MWA 14.08 -52.13% Mar 26th
HBI 28.98 -51.38% Mar 26th
SBH 9.03 -41.97% Mar 26th
TA 37.61 -95.21% Mar 27th
KBR 20.00 -26.25% Mar 27th
TIN 60.46 -88.41% Mar 27th
KFT 31.48 -10.48% Mar 30th
BR 20.51 -44.37% May 22nd
UFS 10.85 -76.96% Jun 6th
VRGY 29.69 -52.17% Jun 13th
SPSN 11.53 -93.32% Jun 13th

Average return:

 -54.26%

Success rate:

 0%

Tracking Started: 03-26-2007

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