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>On October 1, 2025, Corteva Biosciences (CTVA) announced that it plans to break up into two public companies.</li><li>The logic behind the spin-off announcement is that the SpinCo has higher margins and better growth potential.</li><li><p>For example, the SpinCo has grown EBITDA at a 16% CAGR since 2020 and has a 26% EBITDA margin.</p><figure class="editor-figure mceNonEditable"></figure></li></ul>

On October 1, 2025, Corteva Biosciences (CTVA) announced that it plans to break up into two public companies.The logic behind the spin-off announcement is that the SpinCo has higher margins and better growth potential.For example, the SpinCo has grown EBITDA at a 16% CAGR since 2020 and has a 26% EBITDA margin.

Weekly Update (CTVA, SFGI/8729, UNTC, MEDXF, IDT)