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

Richard Howe

After graduating from Trinity College in Connecticut, I joined Eaton Vance full-time as an equity research associate. While at Eaton Vance, I completed the Chartered Financial Analyst program and earned the CFA designation. In 2013, I left Eaton Vance to join Citi Private Bank to work in the private equity research group.

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>Havas is a recent spin-off from Vivendi.</li><li>Havas delivered record financial results in 2024, with net revenue of €2,736 million (+1.5% y/y) and all-time high adjusted EBIT of €338 million (12.4% margin).</li><li>The company exited 2024 in a net cash position of €211 million, providing a strong balance sheet to fund growth and shareholder returns.</li></ul>

Havas is a recent spin-off from Vivendi.Havas delivered record financial results in 2024, with net revenue of €2,736 million (+1.5% y/y) and all-time high adjusted EBIT of €338 million (12.4% margin).The company exited 2024 in a net cash position of €211 million, providing a strong balance sheet to fund growth and shareholder returns.

Havas SA

[Alert] Buy Havas