Quick Value 6.12.23
Spin-off in auto parts - GrowthCo and FCFCo
Today’s post is for premium subs but we’ll be back next week with another Free edition.
This week digs into the Form 10 of yet another upcoming spin-off in the automotive industry. One side of the spin is growing rapidly and will see an improved growth profile post-spin… The other side is high-margin and cash generative with low leverage. I’ll try to set some price parameters to keep an eye on these pieces post-spin.