NEW YORK & LONDON--(BUSINESS WIRE)--With a record year on the latest upcoming deal calendar, the ‘breaking companies into two listed stocks’ Corporate Spinoff asset class is undoubtedly the hottest space in the market for investment value.
The begging question is; who’s behind the headlines, generating ideas for big investors? / Who’s forecasting the valuations and predicting the next company Spinoffs for activists to target? It happens to be a fast growing privately owned and focused independent research firm called, TSR (The Spinoff Report®), founded by Special Situations money manager and CEO, Jim Osman.
With an exceptional six year research/portfolio track record, valuing each and every corporate demerger globally, TSR have emerged as the ‘go to’ advisor on Spinoffs for serious investors. They are retained by and advise the market’s most notable, best performing funds and activist investors on both announced and potential Spinoffs in the market.
“We have research and valuations on over 100 potential and almost 100 announced Spinoffs. We’ve only generated excellent returns for our subscription clients by discovering fundamental and catalytic value before the market,” states co-founder and COO of TSR, Ryan Mendy.
Examples of returns from TSR’s pre-Spinoff recommendations:
- European Spinoffs: Autogrill (AGL) that separately listed its World Duty Free (WDF) business last summer, returning +39% in six months;
- US Spinoffs: a +104% return from Starz (STRZA), that Spun-off Liberty Media (LMCA) Q1 last year.
For 2014, Spinoff activity is evidently increasing. This week saw notable activist investor Carl Icahn pushing global online auction retailer, eBay, Inc. to Spinoff its valuable payments business, PayPal after buying a near 1% stake in the company. Additionally, renowned founder of Third Point LLC, Dan Loeb (well known for his active shareholder positions in Yahoo! and Sony Corp.), revealed his latest shareholding and fundamental reasons for why he believes that Dow Chemical should fully separate its petrochemicals business from its specialty chemicals operations, citing, the management’s attempts to run Dow as a unified company have led to underperformance.
For nimble budgets, smaller investors can also be on top of Spinoffs with TSR’s hugely successful monthly investment newsletter, TSR Lite.