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


To: valueminded who wrote (244)6/10/1998 9:37:00 PM
From: Stewart Whitman  Respond to of 1185
 
Chris,

As far as discovering and tracking spin-offs, etc., I use news alert - newsalert.com - to watch for upcoming spin-offs and other special situations. You can register for free and set-up two predefined "topics" - e.g. scans of "all" news items.

I set up my first topic, called "Spin-offs", with the query string of:

spinoff or spin-off or "spin off"

I set up the second topic to, called "Special Situations", with the query string of:

((emerg*) and (bankruptcy or "chapter 11")) or "rights offering" or "contingent value" or recapitalization

It still takes some sifting - I look at the news a few times a week.

Once a stock of interest is discovered, I add the stock to a portfolio on Yahoo! - I keep separate portfolios for spin-offs, bankruptcies, recaps. That makes the news on spin-offs and parents relatively easy to follow, even after they've been separated.

Chicago Title: Yes, I tend to agree, the upside is limited at this point. But Alleghany might be a good stock to watch from a value standpoint, with $100 of BNI stock, but with significantly less earnings, it might fall substantially over the longer term.

Stew