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>When I originally recommended Magnera (MAGN) in November, my investment thesis could be summarized as follows: “trough valuation on trough earnings.”</li><li>And after the company reported earnings, that thesis remains intact.</li><li>In its most recent quarter Magnera reported y/y sales and EBITDA growth, suggesting that results have troughed.</li></ul>

When I originally recommended Magnera (MAGN) in November, my investment thesis could be summarized as follows: “trough valuation on trough earnings.”And after the company reported earnings, that thesis remains intact.In its most recent quarter Magnera reported y/y sales and EBITDA growth, suggesting that results have troughed.

Magnera

Magnera: Investment Case is On Track