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>Continental (XTRA: CON) is set to spin off its automotive business, Aumovio, on September 18, 2025.</li><li>The business, which has historically operated with low margins and modest growth, is currently undergoing a turnaround.</li><li>I estimate Aumovio’s fair value at approximately €56 per share and believe the stock could present an attractive opportunity if it trades down meaningfully following the spin-off.</li></ul>

Continental (XTRA: CON) is set to spin off its automotive business, Aumovio, on September 18, 2025.The business, which has historically operated with low margins and modest growth, is currently undergoing a turnaround.I estimate Aumovio’s fair value at approximately €56 per share and believe the stock could present an attractive opportunity if it trades down meaningfully following the spin-off.

Continental

Continental Spin-off (Aumovio) Deep Dive