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 want to use my introduction to provide some comments on Howard Hughes (HHH).</li><li>Bill Ackman’s Pershing Square Capital Management has disclosed a new offer related to Howard Hughes.</li><li>The proposal is that Pershing Square Capital Management purchases 10 million newly issued shares at $90 each, totaling $900 million, which would increase Pershing Square’s stake from 37.6% to 48%.</li></ul>

I want to use my introduction to provide some comments on Howard Hughes (HHH).Bill Ackman’s Pershing Square Capital Management has disclosed a new offer related to Howard Hughes.The proposal is that Pershing Square Capital Management purchases 10 million newly issued shares at $90 each, totaling $900 million, which would increase Pershing Square’s stake from 37.6% to 48%.

Weekly Update (SNDK, LBTYA, MRP, HHH, GTX)

<ul><li>Aptiv PLC (APTV), an automotive technology supplier, announced on January 22, 2025, that it plans to split into two distinct companies.</li><li>Aptiv will spin-off its electrical systems business.</li><li>The RemainCo will concentrate on technological components, including sensor-to-cloud solutions and autonomous driving software.</li></ul>

Aptiv PLC (APTV), an automotive technology supplier, announced on January 22, 2025, that it plans to split into two distinct companies.Aptiv will spin-off its electrical systems business.The RemainCo will concentrate on technological components, including sensor-to-cloud solutions and autonomous driving software.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Lennar Corporation, a prominent homebuilder, provided a comprehensive overview of its financial and operational performance for the third quarter during their earnings call.</li><li>The company is navigating a dynamic economic environment characterized by changing interest rates and ongoing demand for housing amidst a chronic shortage of available homes.</li><li>From a positive perspective, Lennar has been able to sustain strong demand with innovative strategies such as mortgage rate buydowns and incentives, particularly aimed at enhancing affordability for homebuyers.</li></ul>

Lennar Corporation, a prominent homebuilder, provided a comprehensive overview of its financial and operational performance for the third quarter during their earnings call.The company is navigating a dynamic economic environment characterized by changing interest rates and ongoing demand for housing amidst a chronic shortage of available homes.From a positive perspective, Lennar has been able to sustain strong demand with innovative strategies such as mortgage rate buydowns and incentives, particularly aimed at enhancing affordability for homebuyers.

Lennar Corporation:  The Acquisition of WCH Homes An Indicator Of Continued Consolidation In Its Domain? - Major Drivers

<ul><li>Lennar managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>The last quarter proved to be successful as the company maintained its focus on production, cash flow, and inventory management.</li><li>Additionally, Lennar diligently managed its operating costs, keeping SG&A at significant lows while maintaining a sharp focus on cash flow and bottom-line results.</li></ul>

Lennar managed to exceed analyst expectations in terms of revenue as well as earnings.The last quarter proved to be successful as the company maintained its focus on production, cash flow, and inventory management.Additionally, Lennar diligently managed its operating costs, keeping SG&A at significant lows while maintaining a sharp focus on cash flow and bottom-line results.

Lennar Corporation: 4 Strategic Factor Responsible For Its Growth! – Financial Forecasts

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul>
<li>The ITB US Home Construction ETF is now up 33% YTD and represents one of the biggest market surprises for me so far in 2023.</li>
<li>This group has flashed relative strength vs. the S&amp;P 500 since December 2022 and continues to one of the top performing groups.</li>
<li>After undergoing correction in 2022, the homebuilders sector has tons of weekly charts breaking out of long and healthy weekly bases in strong uptrends</li>
</ul>


The ITB US Home Construction ETF is now up 33% YTD and represents one of the biggest market surprises for me so far in 2023.
This group has flashed relative strength vs. the S&amp;P 500 since December 2022 and continues to one of the top performing groups.
After undergoing correction in 2022, the homebuilders sector has tons of weekly charts breaking out of long and healthy weekly bases in strong uptrends


United States

Lennar Corporation constructs and sells single-family attached and detached homes, and to a lesser extent multi-level buildings as well as buys and sells residential land. The Company also provides mortgage financing, title insurance, closing services and other financial services.

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

Lennar Corp B Shs (LEN/B US)

Weekly Update (SNDK, LBTYA, MRP, HHH, GTX)

I want to use my introduction to provide some comments on Howard Hughes (HHH). Bill Ackman’s Pershing Square Capital Management has disclosed a new...

Richard Howe

Weekly Update (APTV, MRP, MEDXF)

Aptiv PLC (APTV), an automotive technology supplier, announced on January 22, 2025, that it plans to split into two distinct companies.

Richard Howe

Lennar Corporation: The Acquisition of WCH Homes An Indicator Of Continued Consolidation In Its Domain? - Major Drivers

Lennar Corporation, a prominent homebuilder, provided a comprehensive overview of its financial and operational performance for the third quarter...

Baptista Research

Lennar Corporation: 4 Strategic Factor Responsible For Its Growth! – Financial Forecasts

Lennar managed to exceed analyst expectations in terms of revenue as well as earnings. The last quarter proved to be successful as the company...

Baptista Research

Weekly Stock Bullfinder - Week of 6/19

The ITB US Home Construction ETF is now up 33% YTD and represents one of the biggest market surprises for me so far in 2023.

Weekly Stock Bull Finder

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)