We still prefer the spinoff to its parent

The shares of industrial conglomerate General Electric have gained 55% since it decided to split into three separate firms in November 2021. The company now expects to complete the final spinoff in April 2024. While the breakup should ultimately benefit investors, the recent healthcare equipment… Read More

Three ETFs—two buys and one we don’t like

Here’s a look at three popular ETFs in three different areas—medical-device makers, natural resource producers and S&P 500 companies (but with a twist). We like the first two, but we think the third is likely to underperform its “plain vanilla” counterpart.
Meanwhile, the Supplement on page… Read More

Good quarter for this new firm

GE HEALTHCARE TECHNOLOGIES INC. $74 is a buy. The company (Nasdaq symbol GEHC; Conservative Growth Portfolio, Manufacturing sector; Shares outstanding: 455.2 million; Market cap: $33.7 billion; Price-to-sales ratio: 1.7; Dividend yield: 0.2%; TSINetwork Rating: Average; www.gehealthcare.com) took its current form in January 2023 when former parent company General… Read More

Hold the parent, buy the spinoff

Over the span of 100 years, General Electric became one of the world’s largest conglomerates through a series of acquisitions, including many that were outside its main electrical products businesses such as insurance and broadcast TV networks.
After the 2008 financial crisis, GE decided to unwind… Read More

Keep on top of stock updates

GE HEALTHCARE TECHNOLOGIES INC. $79 is a buy. The company (Nasdaq symbol GEHC; Manufacturing sector; Shares outstanding: 479.7 million; Market cap: $37.9 billion; Dividend yield: 0.2%; Takeover Target Rating: Medium; www.gehealthcare.com) makes X-ray equipment, MRIs and ultrasound scanners.
The company took its current form in January 2023 when General Electric… Read More

Spinoffs & Takeovers Hotline – Friday, June 2, 2023

TECNOGLASS INC., $40.75, symbol TGLS on New York, is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company… Read More