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>I had a chance to speak to CompoSecure investor relations last week about its imminent spin-off (full notes below) of Resolute Holdings.</li><li>The biggest takeaways are: 1) Resolute Holdings’ only M&amp;A consulting client will be CompoSecure (I had initially thought it could/would focus on other clients).</li><li>2) The ultimate goal for Resolute is to be a high margin alternative asset manager. 3) Resolute is a taxable spin-off and so CMPO will not be “hyping” the spin-off given CMPO will have to pay taxes based on Resolute’s initiation valuation. </li></ul>

I had a chance to speak to CompoSecure investor relations last week about its imminent spin-off (full notes below) of Resolute Holdings.The biggest takeaways are: 1) Resolute Holdings’ only M&amp;A consulting client will be CompoSecure (I had initially thought it could/would focus on other clients).2) The ultimate goal for Resolute is to be a high margin alternative asset manager. 3) Resolute is a taxable spin-off and so CMPO will not be “hyping” the spin-off given CMPO will have to pay taxes based on Resolute’s initiation valuation. 

Q&A with CompoSecure About Imminent Spin-Off