Originally a Spinoff from Centex Corp. back in January 2004, Eagle Materials, Inc. (EXP) is now looking to perform its own break-up after 15 years of slowly diversifying its building materials operations. Since its own listing, EXP has provided shareholders with a sizable return over the S&P MidCap 400 Index (+434% vs. +316%), and the management expects splitting the Heavy and Light Materials businesses will lead to similar growth in their respective spaces.
19 Aug 2019
Our recently released analysis on Covetrus, Inc. (CVET) was based on the company's fundamentals still being intact despite its fall from original listing levels when it was Spun off from Henry Schein, Inc. (HSIC) in February 2019. However, the most recent earnings demonstrated that the company's short-term issues are persistent, and it won't be until the longer-term that the management sees improvement.
15 Aug 2019
Despite the specter of debt transferred from Honeywell International, Inc. (HON) in its Spinoff back in October 2018, Resideo Technologies, Inc. (REZI) has managed to keep its liability repayments under control and is regaining traction on its 2H-weighted earnings results. Furthermore, the management expects a margin rebound in the coming months on the back of cost saving measures, providing investors with a reason to continue holding the stock.
15 Aug 2019
After a restructuring implemented in January 2018, an acquirer pulling the plug on any takeover play and reviewing all options for the separation of its Cash Solutions businesses, the Board of G4S Plc (GFS LN) officially announced that it will Spinoff this unit by 1H 2020.
15 Aug 2019
Though we originally entered Autogrill SpA (AGL IM) into the Model Portfolio on a series of potential scenarios (Italian/European business Spinoff, stake sale and M&A), the company is instead demonstrating the benefits of the ongoing internal reorganization in terms of its plans for growth. AGL missed slightly on its most recent earnings release, but the management's focus is firmly set on continuing to deliver results in strategic partnerships, acquisitions, and market area dominance.
14 Aug 2019
Eleven years since its original break-up, global satellite provider EchoStar Corp (SATS) revealed last week that it will be Spinning off its Broadcast Satellite Service (BSS) business and then immediately merging it with DISH Network Corp. (DISH). The management have guided for on or after September 10, 2019 as its Spinoff date.
13 Aug 2019