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>This week, I spoke to the CFO of Unit Corp and updated my investment case on Unit Corp.</li><li>I think Unit Corp looks very cheap. On a consolidated basis, the stock is trading at ~5.6x FCF.</li><li>This doesn’t sound that cheap for an oil and gas company. But results are depressed.</li></ul>

This week, I spoke to the CFO of Unit Corp and updated my investment case on Unit Corp.I think Unit Corp looks very cheap. On a consolidated basis, the stock is trading at ~5.6x FCF.This doesn’t sound that cheap for an oil and gas company. But results are depressed.

Unit Corp

Unit Corp - A Mid Year Update