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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (75464)4/23/2024 2:46:15 PM
From: E_K_S  Read Replies (1) of 78822
 
KLG +6.86% this is the spin off Division from Kellogg which was done 11/2023. It is +103% in 6 months. Talk about bringing out shareholder value by spin out divisions.

I believe UGI may do this w/ AmeriGas and even LEG w/ one of their 3 operating units. This is what value investing is all about; bringing shareholder value to the assets already owned.

I have been buying SOLV the health care division from MMM that was spun out earlier this month. The preliminary financials show this to be priced at/near 12x PE but was loaded w/ extra debt. No dividend but management says after a few quarters they will look at a dividend. The plan to use the FCF to pay down debt.
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