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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?

To: Stewart Whitman who wrote (1000)	6/22/2006 12:05:42 AM
From: cfimx	Respond to of 1185

I would like to see some insider buying in svu...management doesn't seem to have much skin in the game... regards

To: Stewart Whitman who wrote (1000)	8/4/2006 8:53:03 PM
From: MJ	Read Replies (1) \| Respond to of 1185

One article indicated that the spinoff would be $25.00 for each share of ACV owned 1 share of the new ACV for each share of ACV owned---will be 1 single class of stock. 1 share of the Sally Beauty spinoff for each ACV share owned --managed by the fund/group that is funding the spinoff---and if I understand correctly will manage Sally Beauty. Called ACV---likely to close end of year after shareholders vote. Record date not set yet. Am wondering about the tax consequences. STock is usually not taxed. However, if the $25.00 is consider a dividend or cash in lieu of stock that may be is taxable. mj

To: Stewart Whitman who wrote (1000)	8/5/2006 9:30:35 AM
From: cfimx	Respond to of 1185

i've looked at this one some more..I don't think low margin high margin is the right way to look at investments. I think return on capital is. After all, a well run distributor like (SYY) can be a fantastic business. The numbers work here. The company looks like it has plenty of room to pay higher interest, pay cap-ex, pay dividends (increase them actually) and still have $400m per annum left over to pay down debt. Given there are around 210m shares out, the paydown means almost a $2 transfer of wealth per annum from debt holders to shareholders. Me likey. But not in big gulps. ;-)