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

To: Ray Richardson who wrote (107)	2/20/1998 12:54:00 AM
From: Stewart Whitman	Read Replies (1) \| Respond to of 1185

Thought I'd provide some info on various spin-offs & special situations that I've found and hadn't seen here. I'm certainly not invested in all of these, but others might find something to their liking. Standard disclaimer - information is not garanteed to be correct (do your own homework). All companies in no particular order. Stew Already Spun-off: ----------------- PriceSmart (Nasdaq:PSMT) / Price Enterprises, Inc. (Nasdaq:PREN) August 29,1997 International version of Price Club. Lot's of cash, but Emerging Market exposure. ChoicePoint, Inc. (NYSE:CPS) / Equifax Inc. (NYSE:EFX) August 7, 1997 Provides risk management and fraud prevention information. Very good growth prospects in my opinion. Unisource Worldwide, Inc. (NYSE:UWW) / Ikon Office Solutions Inc. (NYSE:IKN) December 31, 1996 Distributes paper products. Big yield (now %5+), lots of room for improvement in results. Unova Inc. (NYSE:UNA) / Western Atlas Inc. (NYSE:WAI) October 31, 1997 Sells industrial automation systems (typically to big autos) and automated data collection systems. Growth-rate of markets is ~12-15%, maybe spin-off will be grow faster. biz.yahoo.com Corn Products International, Inc. (NYSE:CPO) / Bestfoods (NYSE:BFO) December, 1997 Things having to do with Corn! Apparently, the corn products market is not the best right now. biz.yahoo.com General Semiconductor Inc. (NYSE:SEM) Commscope, Inc. (NYSE:CTV) General Instrument Corp. (NYSE:GIC) / General Instrument Corp. (NYSE:GIC) August, 1997 Commscope makes cable. General Semi make semis. The new General Instrument is focused on growth areas such as set-top boxes. Getty Petroleum Marketing (NYSE:GPM) / Getty Realty Corp. (NYSE:GTY) March 21, 1997 Getty Petroleum distributes petroleum, Getty Realty owns property. To be Spun-off: --------------- Bolle, Inc. (Nasdaq:BEYE) / BEC Group, Inc. (NYSE:EYE) March 11, 1998 Bolle makes eyewear. Fashion eyewear tends to be cyclic (1996 earnings from Bolle $0.59, 1997 $0.09 if I remember correctly), but the industry seems to grow nicely. Waddell & Reed Financial, Inc. (NYSE:WDR) / Torchmark Corp. (NYSE:TMK) March/late 1998 Waddell & Reed is a money management firm. TMK plans to IPO in March a percentage of shares (20%?) and then spin-off remaining shares in late 1998. Spin-off looks promising. biz.yahoo.com Reuben H. Donnelley Corp. / Dun & Bradstreet Corp. (NYSE:DNB) Summer 1998 D&B spinning-off the independent marketer of yellow pages. biz.yahoo.com Octel Corp. (NYSE:OCT) / Great Lakes Chemical Corporation (NYSE:GLK) Spring 1998? Great lakes focusing on specialty chemicals, spinning off it's petroleum additives business biz.yahoo.com MB Paper / MacMillan Bloedel (Nasdaq:MMBLF) MacMillan Bloedel spinning off its paper business. biz.yahoo.com SFX Entertainment / SFX Broadcasting, Inc. (Nasdaq:SFXBA) 2Q 1998 Broadcasting co. to spin off its live entertainment unit. Penwest Pharmaceuticals Co. / Penford Corporation (Nasdaq:PENX) 2Q 1998 or later? Specialty chemical & for ingredient manufacturer to spin of pharmaceutical company, but delayed due to market conditions. biz.yahoo.com Emerged from Bankruptcy (date is first listing, or emergence from chapt. 11): ----------------------------------------------------------------------------- Advantica Restaurant Group, Inc. (Nasdaq:DINE, Nasdaq:DINEW), January 1998 Owns and operates Carrows, Coco's, Denny's, El Pollo Loco and Quincy's Family Steakhouse restaurant brands. Edison Brothers Stores (Nasdaq:EDBR, Nasdaq:EDBRW), December 1997 Owns and operates chains of specialty stores which sell apparel and footwear. Sizzler International (NYSE:SZ), September 1997 Operates and franchises, 365 Sizzler, 96 KFC, and one The Italian Oven restaurants worldwide. Koll Real Estate Group (Nasdaq:KREG), August 1997 Koll Real Estate develops residential and commercial real estate, with properties principally in Southern CA. Smith Corona Corporation (Nasdaq:SCCO), June 1997 Focusing on distribution of branded products for SOHO market. biz.yahoo.com