Spinoffs & Takeovers Hotline – Friday, July 5, 2024

RXO INC., $26.77, symbol RXO on New York, is a provider of brokered transportation services in Canada and the U.S. The company offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight
forwarding and last mile delivery.

RXO operates an “asset light” business model… Read More

This stock offers limited prospects

You should remain wary of stocks that attract broker/media attention because of high-profile products or services, and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration:
ALLBIRDS INC., $0.72, (Nasdaq symbol BIRD; TSINetwork Rating: Extra Risk) (allbirds.com; Shares… Read More

This apparel IPO comes with risks

You should remain wary of stocks that attract broker/media praise for their high-profile products or services and their business models. Here’s an example of a stock to avoid:
ALLBIRDS INC., $1.06, (Nasdaq symbol BIRD; TSINetwork Rating: Extra Risk) (allbirds.com; Shares o/s: 97.2 million; Market cap: $166.5 million; No… Read More