A significant Study shortly being released by the leading specialist pre-event Spinoff research firm, TSR (www.SpinoffReport.com), has uncovered the true value and important shareholder return generated from corporate demergers / break-ups. (example stock analysis below)
Based on 500+ "˜Pure-Corporate Spinoffs´ between 2000 & 2010, the eight month long Spinoff Study covers:
1. Performance, 2. Sector, and 3. Structure (Tax, Best Mkt Cap and Preparation timing).
- Parent Companies +17% on average one year after break-up
- Spinoff Companies +24% one year after split from Parent
Nb. Not a mixed-in bag of Carve-Outs & IPOs, else there would have been over 2,000!
Contact, Ryan Mendy on, ryanmendy@spinoffreport.com
Insight, reading the 50+ page report, it´s further surprising what Sectors have performed the best, let alone the worst! The study also reveals the Tax efficiencies and benefits of demerging / divesting / Spinning-off a business unit vs going the IPO route are significant - dependent on strategy! Something the management and analysts at The Spinoff Report know best.
Est. 2005, they attract the smartest investors around the globe as their experience & track record* speaks highly:
- 46 Spinoff in 2011 YTD (Covered Globally, c.50% US)
- +25% Average Return From Their Recommendations
- 101 Spinoffs on Calendar
- Avg. Mkt Cap $8.8bn
- Every Sector, Every Market Cap Covered
- 200+ Spinoff Deals Covered
*The Spinoff Report´s Model Portfolio of recommendations to its global base of clients has outperformed the S&P 500 & World MSCI by over 75% on average since Q4 2007. (as of Aug 31, 2011)
- TSR US Spinoffs
- TSR Europe Spinoffs
- TSR Global Spinoffs
- TSR Lite ($99, For the Nimble Investor)
Example - Future Deals (from the Monthly Spinoff Research Calendar)
Current TSR Full Analysis
- Liberty Media (LINTA, LCAPA, LSTZA)
- ITT Corp. (ITT)
- NTELOS (NTLS)
- El Paso (EP)
- Telecom Corp of NZ (TEL)
- IDT Corp. (IDT)
- Marriot Intl´ (MAR)
- Sunoco (SUN)
- Forest Oil (FST)
- General Growth (GGP)
- AMR Corp. (AMR)
- Ralcorp Holdings (RAH)
- L-3 Communications (LLL)
- McGraw-Hill Co., Inc. (MHP)
- Fortune Brands (FO)
Follow us on- Twitter @SpinoffReport or at www.SpinoffReport.com/contact-us/
