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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 (257)	7/25/1998 3:36:00 PM
From: Terry Maynard	Respond to of 1185

Stewart, great scorecard! Thank you very much. Terry

To: Stewart Whitman who wrote (257)	7/25/1998 4:23:00 PM
From: tipol	Respond to of 1185

Stew, I also want to thank you for the great list of spinoffs you've been posting. Here's one potential spinoff to add to the list: Lynch (LGL) 20-25% owned by the well known value investor Mario Gabelli who runs the company. They plan to separate into a media co. and a manufacturing co. eventually -- they've been talking about this for at least 6 mo. Their recent spinoff of EWCM did very well but is tiny and thin. Lynch is not well known but has done well since Mario took over in the 1980's. It is tough to value -- you have to break it up into segments and if you read the annual beware that Gabelli's estimates are on the aggressive side. I've been looking at the rights offering on cygnet and will post on that when i can get my arms around it. Great thread guys! Keep up the good work.

To: Stewart Whitman who wrote (257)	7/25/1998 4:46:00 PM
From: valueminded	Read Replies (2) \| Respond to of 1185

Appreciate your information. Now a question. Which spinoff do you like best now and why. I noticed earlier you were looking at Navigant (spun off from office systems.) I have done some due diligence and I think it looks pretty good. I bought an initial foray at 7.75. I will increase if it continues to look good on the analysis. whats your take on it. thanks

To: Stewart Whitman who wrote (257)	8/25/1998 6:18:00 PM
From: marketmover	Read Replies (1) \| Respond to of 1185

Hey I also appreciate your spinoff calendar and hope you will keep it up. Thanks. I think it makes sense to do the work on: FA, BH, KSU, ROK, HLT and IFS. Currently, I like NMR which trades at about 14x earnings and 7.5x ebitda. After the spin, it reacted very badly to old news rehashed in the Journal about a potential competitor to be organized by the networks. Top line growth estimate of 12% is easily achievable and after two more years of heavy capex it will become huge a cash cow. I predict that a big LBO fund will buy this jewel asset for at least $9 a share within two years.

To: Stewart Whitman who wrote (257)	12/6/1998 3:26:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 1185

Creative Computers (MALL) brought 16,7% of uBID on Friday, Dec 4 1998. The complete separation and distribution to MALL shareholders is planned to happen in between 180 days from now and end-1999 if possible. This is subject to certain clauses. Amongst others it should be a nontaxable distribution and no purchase-sale transaction. Mall ($26) traded at a heavy discount to uBID ($48). This should diminish as soon as uBID can be borrowed and details of the seperation are worked out. C.