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Alerts
To take advantage of the market's recent movements, we're adding to our position in Trane Technologies Plc (TT). Our fundamentals remain intact for this company, and the market conditions allow for a lower increase level.
24 March 2020
Alerts
Despite the ongoing selloff in the global markets, Electrolux AB (ELUXB SS) completed the Spinoff of its professional products business Electrolux Professional AB (EPROB SS) yesterday (March 23, 2020). We are positive on the forward outlooks in the mid- to long-term for both of these companies, considering the discounts they trade at relative to their peers and how negatives seem priced-in at current levels. Read on for more.
24 March 2020
Alerts
With the upcoming three-way Large Cap Spinoffs at United Technologies Corp. (UTX) on April 3, the new companies Carrier Global Corp. (CARR) and Otis Worldwide Corp. (OTIS) have now listed in the when-issued market and are worth watching at current levels. We've adjusted our post-Spin target prices accordingly given their lower listing prices.
20 March 2020
Alerts
To take advantage of the market's recent movements, we're adding to our positions in Trane Technologies Plc (TT), Ingersoll Rand, Inc. (IR) and United Technologies Corp. (UTX). Our fundamentals remain intact for these companies, and the market conditions allow for lower increase levels.
12 March 2020
Alerts
As markets are moving, The Edge will be increasing positions in the Model Portfolio. Madison Square Garden Co. (MSG), despite the suspension of the NBA season, displays material value at these levels. With a Form 10 just released, we will have a full update on Monday. In the meantime, we add 1% to the Model Portfolio.
12 March 2020
Alerts
To take advantage of the market's recent movements, we're adding to our positions in IAC/InterActiveCorp. (IAC), The Madison Square Garden Co. (MSG) and United Technologies Corp. (UTX) ahead of their respective Spinoffs. Our fundamentals for these break-ups remain intact (and we are in the process of updating our MSG analysis with the recent Form 10), and warrant increases to their Model Portfolio positions. See the links below for more details and respective analyses/alerts.
10 March 2020
Alerts
With the separation of the BSS unit in an RMT transaction with DISH, SATS has become a Broadband Internet Service Provider company. Another consensus-beating earnings demonstrates the company's strength in breaching into global markets. The growth potential from adding international subscribers and the pending launch of its Jupiter 3 satellite provides upside opportunity for both new and existing investors.
09 March 2020
Alerts
Arconic, Inc. (ARNC) is performing another split of its industrial operations with the Spinoff of its Global Rolled Aluminum Products segment on April 1, 2020. Arconic Corp. (ARNC, Spinoff) will take with it significant liabilities related to employee pensions and the fallout from the terrible 2017 Grenfell fire in London. With these liabilities offloaded onto the low-margin Spin, Howmet Aerospace, Inc. (HWM) becomes a pure-play aerospace player with key positives ahead.
04 March 2020
Alerts
Yesterday (March 2) was the first day of separated trading for Trane Technologies Plc (TT, formerly IR) and the now Spin-merged Ingersoll Rand, Inc. (IR, formerly GDI) following their Reverse Morris Trust on February 29. Despite the two entities closing the day relatively flat, the fundamentals remain intact with significant potential upside in both companies. TT is now a strong pure-play climate control leader and IR will see approximately 6.7% net buying on inclusion in the S&P 500 Index.
03 March 2020
Alerts
To take advantage of the market's recent movements, we're adding to our positions in IAC/InterActiveCorp. (IAC) and United Technologies Corp. (UTX) ahead of their respective Spinoffs. Our fundamentals for these break-ups remain intact, and warrant increases to their Model Portfolio positions. See the links inside for more details and respective analyses.
28 February 2020