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Alerts
In November 2018, United Technologies Corp. (UTX) announced a three-way Spinoff of its Otis Elevators and Carrier Climate Control businesses, now expected to be completed in April 2020. Our data on large-cap Spinoffs indicate this is a rare transaction and should not be ignored. This break-up (and parallel merger with Raytheon Co. (RTN)) will create three market-leading companies in their respective industries with long-term cash flow visibilty.
23 January 2020
Alerts
Once touted in 2017 by activist investor, Third Point, that DowDuPont should be split into six different companies to create a ‘clear focus and compelling investment case’ for shareholders, DuPont (DD) has not slowed down since its Spinoff of DOW and CTVA last year. Now, with the Reverse Morris Trust of its Nutrition & Biosciences segment as well as a strategic review of its Electronics and Imaging business, a six-way split when it’s all said and done may not be out of the realm of possibility.
21 January 2020
Alerts
Provider of technology distribution services Synnex Corp. (SNX) announced it will separate its Concentrix segment into a newly listed company, stating the customer experience provider is strong enough now to stand independently and boost its scale and competitiveness. Meanwhile, SNX (Parent post-Spin) will pursue organic growth (with new products and services planned) and strategic acquisitions to focus on the core business.
16 January 2020
Alerts
Value investing is dead and The Edge Group is predicting the Catalyst Space as the new trend for 2020. The Edge Group LLC, the global leader in Catalyst, Special Situations and Spinoff research, has acquired substantially all of the assets of WhiteSand Research LLC, offering money managers even greater access to unique market intelligence in the niche Catalyst, Special Situations and Spinoff space.
14 January 2020
Alerts
This exclusive conference hosted the best of the investing world on Thursday, November 21, with The Edge bringing several premier money managers to present their current ideas in the Special Situations space and updated US performance data from The Edge’s own research team. $5,000 was raised through the event and given to The Alzheimer’s Association, all from attendees’ discretionary donations. In total, The Edge's three conferences have raised nearly $16,000 for the Alzheimer's Association.
03 January 2020
Alerts
With its exchange offer of Envista Holdings Corp. (NVST) now complete and limited catalysts ahead, we recommend investors to book profits in Danaher Corp. (DHR) at current levels. We originally entered DHR in July 2018 on the announcement of a Spinoff, which then transitioned into the IPO (and later exchange offer) of NVST, and the stock has provided returns of +47% since entry.
30 December 2019
Alerts
Two of Spring 2019's Spinoff names have reached our Base case target prices, prompting a booking of profits and making space in the Model Portfolio for new and exciting names in 2020. These two stocks are VF Corp. (VFC) and IAA, Inc. (IAA) - the former completed its Spin of Kontoor Brands, Inc. (KTB) in May and the latter Spun off from KAR Auction Services, Inc. (KAR) in June. Read on for our longer-term views.
30 December 2019
Alerts
Cerence, Inc. (CRNC) posted strong results in first earnings following the separation from Parent company Nuance Communications, Inc. (NUAN), beating the consensus and its own guidance. The number of vehicles shipped that incorporated CRNC technology increased in FY19 over the previous year, and the company's strength looks to continue moving forward with all-time high revenues and backlogs. The stock has returned over 32% from The Edge's adjusted buy price, prompting an exit.
30 December 2019
Alerts
Since The Edge highlighted an insider buying shares on the open market in July 2019, ConAgra Brands, Inc. (CAG) has demonstrated the successful integration of the Pinnacle Foods assets and returned +28% in a strong earnings beat last week. On the back of this rally, we recommend investors to book profits at these levels, considering the management has now drafted a strategic shift moving forward that may limit the pace for future growth.
27 December 2019
Alerts
Here are the latest calendars to download for what’s coming up in 2020: • 35 Spinoffs for 2020 and Beyond – Latest Spinoff Calendar (click here); • 8 Potential Break-Ups – Latest Special Situations Calendar (click here);
24 December 2019