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Quick Value 9.18.23
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Quick Value 9.18.23

Consumer staples spin-off with big margin improvement plans

Sep 18, 2023
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Quick Value 9.18.23
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We’re looking at yet another spin-off this week as the upcoming schedule is packed with them… Here were the last few covered:

  • Veralto (VLTO) spin-off from Danaher (DHR)

  • Sandoz (SDZ) spin-off from Novartis (NVS)

This consumer staples spin is targeting substantial earnings growth through a turnaround plan but the business operates in a competitive low/no growth industry. There was a similar spin in 2012 that was very successful but this team is taking a different approach…

Today’s post is for paid subscribers and we’ll be back next week with a free edition of Quick Value. Sign up and check out past ideas or the current On Deck list.

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