We like one of these upcoming spinoffs

Spinoffs are a great way for companies to boost shareholder value. Here’s our take on two spinoffs coming up in the second half of 2024.
BAXTER INTERNATIONAL INC. $36 is a buy. The company (New York symbol BAX; Manufacturing sector; Shares o/s: 507.8 million; Market cap: $18.3 billion;… Read More

Maple Leaf aims for ‘pure-play’ gains

A key reason why spinoffs tend to work out well is because investors prefer “pure-play” firms that they can more easily evaluate and compare to other stocks.
Iconic food maker Maple Leaf Foods now plans to set up its less-profitable hog processing business as a separate,… Read More

Maple Leaf plans a breakup

MAPLE LEAF FOODS INC. $25 is a hold. The company (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 122.8 million; Market cap: $3.1 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.5%; TSINetwork Rating: Average; www.mapleleaffoods.com) plans to spin off its pork processing business as a separate firm… Read More

Our updates will keep you on track

GREAT-WEST LIFECO, $39.95 (Toronto symbol GWO; shares outstanding: 932.4 million; Market cap: $37.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.6%; www.greatwestlifeco.com) is Canada’s second-largest life insurer, after Manulife Financial. It also offers pension and wealth management services. Power Corp. (Toronto symbol POW) owns 68.2% of the… Read More

Regulators forced this spinoff

ILLUMINA INC. $108 is a hold. The company (Nasdaq symbol ILMN; Manufacturing sector; Shares outstanding: 159.3 million; Market cap: $17.2 billion; No dividend paid; Takeover Target Rating: Medium; www.illumina.com) makes laboratory equipment that helps medial researches sequence and map genomes, and screen for various diseases.
In August 2021, the company… Read More