Quick Value #317 - GARP Spin-Off
Separate investor presentations are done and this spin is ready to trade in 30 days...
Today’s post:
Shares are flat for 3+ years now
Trading at a 15-20% discount to both history and peers
Spin-off creates 2 very different earnings growth stories
Leading up to the spin, management is buying back stock at a historic pace
For new subscribers — these write-ups are meant to be a “jumping off point” for the idea generation process (i.e. a surface level review). Each write-up includes: (1) company background; (2) why the idea is interesting; and (3) fair value estimate.
Check out past write-ups here and my home base page here.
Recent write-ups include:
06/01/26 — All-stock cabinet merger MasterBrand
05/31/26 — A case study of a stub business investment
05/26/26 — My 4 favorite special sits right now ($)
05/18/26 — Former compounder Zoetis looks beaten down
05/11/26 — Sale + spin at Enviri ($)
05/01/26 — Ice cream spin-off Magnum looks cheap
P.S. I’m hosting a paid subscribers live call via Substack this Friday (June 12th) at 12pm ET — join using this link.
