Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul><li>I sold Garrett Motion (GTX). Nothing against GTX as the stock still looks cheap at 6.6x FCF and 6.6x EBITDA.</li><li>But it’s been incredibly strong, and I don’t quite understand why.</li><li>Further, PE owners Oaktree, Centerbridge and Cyrus, were planning to sell 17MM shares in a secondary offering (looks like the secondary is being pulled).</li></ul>

I sold Garrett Motion (GTX). Nothing against GTX as the stock still looks cheap at 6.6x FCF and 6.6x EBITDA.But it’s been incredibly strong, and I don’t quite understand why.Further, PE owners Oaktree, Centerbridge and Cyrus, were planning to sell 17MM shares in a secondary offering (looks like the secondary is being pulled).

Weekly Update (GTX, HAVAS, LION, SNRE, MDT)

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Before I dig into my regular update, I want to share one chart that caught my eye this week.
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<li>
Colin King did a nice job modeling out Lionsgate RemainCo Stub / Starz valuation from last May to now.
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<li>
Interesting to see that at one point it was trading at a negative $1 price.
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</ul>



Before I dig into my regular update, I want to share one chart that caught my eye this week.


Colin King did a nice job modeling out Lionsgate RemainCo Stub / Starz valuation from last May to now.


Interesting to see that at one point it was trading at a negative $1 price.



Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Amrize (AMRZ US)

Weekly Update (GTX, HAVAS, LION, SNRE, MDT)

I sold Garrett Motion (GTX). Nothing against GTX as the stock still looks cheap at 6.6x FCF and 6.6x EBITDA. But it’s been incredibly strong, and I...

Richard Howe

Weekly Update (MCK, LBTYA, SNRE, AMRZ)

Before I dig into my regular update, I want to share one chart that caught my eye this week. Colin King did a nice job modeling out Lionsgate...

Richard Howe

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)