Some recent spinoffs look particularly attractive, says Joe Cornell, publisher of Spin-Off Research. His team recently recommended two U.S. spinoffs: the New England bank Citizens Financial Group (CFG) and KLX (KLXI), a distributor of aerospace parts....KLX is one of the market’s newest spinoffs, having em

KLX is one of the market’s newest spinoffs, having emerged from B/E Aerospace (BEAV) in December. The company is a major distributor of parts to the airline industry, with some one million SKUs, or stock-keeping units.

Prior to the spinoff, KLX made an ill-timed move into the energy sector, which now represents almost a quarter of its revenue. The broad selloff in oil is weighing down those revenues, but KLX remains attractive, especially as airlines see record profits and passenger traffic grows. Spin-Off Research thinks the stock is worth $54, 35% above a recent $40.