I am interested in discussing how to value stocks that have subsidiaries that are worth a substantial amount of its value. An example is Seagate that is sitting on a large amount of Veritas and other investments which basically gives you the parent free.
Thermo Electron is another example. It is taking steps to unlock the value(the company would be worth substantially more if broken up than it would be whole) by restructuring and taking many divisions private.
Does anybody have any other examples and any interesting ways to play them (combination of buying shares and options, etc)?
Bruce Bromberg Seltzer |
