Many years ago in London, when store sales were limited to a time period just after the Christmas holiday, the waiting and anticipation game in the run up to these events was exciting. Knowing that those luxury, high-end brands you had been lusting after all year were about to become affordable at 30 to 50 percent cheaper was as good, if not better than Christmas Eve. The catch? You would have a limited time to get them (so you had to make sure what you wanted beforehand) and you had better be.
News & Press
Jim Osman’s Top Five Picks in Special Situations
Jun 9, 2022
For the past two years, amid a raging bull market, it’s been a smooth ride for stock pickers like Jim Osman. “You just throw a dart at the wall when something goes up and you go, ‘look at me. I’m the greatest’,” said Osman, the founder of The Edge Group, a firm that provides investing recommendations to top money managers and individual investors. It’s a trickier environment this year with the S&P 500 down around 13% year-to-date and some individual names taking an even bigger hit. Popular.
Bill Ackman’s SPAC has just 6 weeks to find a target — or he’ll have to return $4 billion to investors
Jun 9, 2022
Billionaire investor Bill Ackman is running out of time to find a target for his $4 billion special purpose acquisition company. Pershing Square Tontine Holdings needs to identify a company to acquire within the next six weeks, or Ackman will have to return all its cash to his investors. Ackman has subsequently urged the SEC to extend its deadline, but it’s looking increasingly likely that he’ll have to return $4 billion worth of cash to PSTH’s initial investors.
Spinoffs Are Popular. They Can Also Be Dangerous.
Jun 9, 2022
Global deal making may have fallen out of fashion, but breaking companies up never seems to go out of style. Companies including Intel (INTC), XPO Logistics (XPO), Aramark (ARMK), and Fortune Brands Home & Security (FBHS) have announced plans to spin off major divisions in recent weeks, in a bet that it will reverse a decline in share prices and boost shareholder returns. Others, such as Western Digital WDC –4.14% (WDC), have come under pressure from activist investors to hive off a business to.
Spinoff Expert Sees Healthy Gains for Encompass
Jun 3, 2022
In December 2020, Encompass Health (EHC) announced it was exploring strategic alternatives for its home health and hospice business with the alternatives including a spinoff, sale, merger, or IPO, among others. A year later, Encompass announced in December 2021 it will perform a tax-free spinoff of the Home Health & Hospice Business, to be rebranded as Enhabit, Inc. (EHAB).
Insiders Dial Up Warner Bros. Discovery
May 24, 2022
The combined Warner Bros. Discovery company has now become the third largest streaming media powerhouse behind Netflix (NFLX) and Disney (DIS). We have now seen insider buying in this situation. Immediately following WBD’s first earnings release on April 26, eight different insiders went into their own pockets and bought shares of WBD at an average of $18.90.
Real Money – What to Do With AT&T and Warner Bros. Discovery After the Split
Apr 20, 2022
As most investors are aware, AT&T (T) has just undergone a significant change. The telecom firm combined its WarnerMedia with Discovery operations to create a new global entertainment company called Warner Bros. Discovery, Inc. (WBD). Three leading advisors, all contributors to MoneyShow.com, look at the spinoff and suggest what both growth and income investors should do with these new “separate” entities.
Bloomberg – Ghost of Valeant Haunts Bausch Health Spinoffs
Apr 20, 2022
Investors are on tenterhooks for the potentially imminent launch of a pair of initial public offerings in Bausch Health Co.’s eye-care and skin-care units. But tens of billions of dollars in debt left over from its days as Valeant Pharmaceuticals remain a big question mark.
Spinoff Expert Tunes in to Warner Bros. Discovery
Apr 13, 2022
Warner Bros. Discovery has become the third largest streaming media powerhouse behind Netflix (NFLX) and Disney (DIS) — and operates with the following segments: Advertising, Distribution and Content Generation (together contributing 65% to revenues at $33.8 billion in FY23E). In addition, the fast-emerging Subscription (Direct to Consumer) business (contributing 35% to revenues at $18.2 billion in FY23E), contains such brands as Discovery, Food Channel, HGTV, TLC, Animal Planet, HBO, CNN,.
Value Crunch Fuels IPO Plans for CI Wealth Management
Apr 8, 2022
A plan by CI Financial Corp. to spin off its U.S. wealth-management represents the next phase of a pivot by management toward stabilization after a spree of acquisitions, according to an analyst who specializes in spinoffs. Shares in the Canadian wealth management firm jumped the most in three weeks on Thursday after the company confirmed its intent to sell up to 20% of the unit through a U.S. initial public offering, with proceeds earmarked to repay debt. The soon-to-be-carved-out company will.