Topic: How To Invest

Spinoff Stock Investigator Report for Inner Circle Members

Article Excerpt

Here are some spinoff stocks that we still think have gains ahead. Symantec Corp., $25.26, symbol SYMC on Nasdaq (Shares outstanding: 690.1 million; Market cap: $17.2 billion; www.symantec.com), sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers. Symantec plans to split itself up into two publicly traded firms. One will keep the Symantec name and focus on antivirus and security software and services. The other, called Veritas Technologies, will consist of Symantec’s information-management operations. This business makes products for data backup and recovery. Symantec expects to complete the breakup by the end of 2015. Meanwhile, in its fiscal 2015 third quarter, which ended January 2, 2015, Symantec earned $367 million, unchanged from a year earlier. However, per-share earnings rose 1.9%, to $0.53 from $0.52, on fewer shares outstanding. Revenue declined 3.9%, to $1.64 billion from $1.71 billion, missing the consensus estimate of $1.68 billion. However, if you disregard the …