SPIN-OFFS "secret hiding places of stock market profits" Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SPIN-OFFS "secret hiding places of stock market profits"

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marketmover who wrote (317)	6/24/1999 12:02:00 PM
From: Stewart Whitman	Read Replies (1) of 1185

marketmover, The only spin-off that looks really interesting to me is JCP. Unfortunately it's a tracking stock. You can get a valuation for JCP around $75 pretty easily if all it's moves go according to plan. I bought some TEN - it looks like OK to me. You might also be interested in ESSF - a $19 cash buyout with a ~$3 taxable spin-off in about a month and a half. I'd be interested in DPH maybe 15%-20% lower than it currently is trading for a longer term holding (say 4-yrs). MO is a looking better now that RJR has done a spin-off - people will have a better benchmark to value the stock and the increased pressure for a spin-off may cause management to make moves. There are a lot of nice cash buy-outs that have appeared - 8% over three months with large, sound, acquirers. Much better than last year where they were sometimes as low as 4%. My best special situation pick lately was BRAD emerging from bankruptcy at ~$3. Not an opportunity now though. Mostly, I'm just holding onto my cash and patiently looking for better opportunities. Regards, Stew

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next