Who We Are
Spin-Off Advisors, LLC is an investment research boutique that provides independent research on information-poor, inefficiently-priced spin-off situations. The firm was formed in 1998 by industry veteran, Joseph Cornell, and provides proprietary investment research focused on restructuring situations. Our proprietary product, "Spin-Off Research", is an extensive monthly institutional advisory report, featuring continuous research on corporate spin-off activity. We include detailed analysis on fresh and recently announced spin-offs, a global spin-off calendar and company updates.
Why Spin-Off Research?
Spin-offs often result in a higher aggregate value for the constituent pieces. A number of studies show that spin-offs historically have generated far better returns than the overall market. Spin-offs do well partly because when a business and its management are freed from a large corporate parent, pent-up entrepreneurial forces are unleashed. A study by Lehman Brothers of 88 spin-offs between 2000 and 2005 found that they beat the S&P 500 by an average of 45% in their first two years as independent companies.
What You Can Expect As A Client
The initial coverage report will provide Deal Overview, Detail Rationale, Investment Thesis, Valuation and Recommendation, Business Overview, Historic Financials, Financial Outlook, SWOT Analysis, Industry Overview, Current Financial Statements and Management Analysis. Coverage starts from spin-off announcement with continuous coverage through event date, and up to nine months after event date. No analysis is done on potential spin-offs.
Published every month, the calendars will track and monitor in chronological order up and coming spin-offs detailing information on parent company, spin-off entity, associated tickers, share ratios and important future dates.
Spin-Off Research will track and analyze spin-offs from annoucement to spin-off, through to three quarters after (covering the spin-off entity). Thus, we fully cover the spin-off for all major news and results, adjusting our valuations and releasing updated forecasts if necessary.
Coverage starts from spin-off announcement with continuous coverage through event data, and up to nine months after event date. No analysis is done on potential spin-offs. As soon as there is announced spin-off information, Spin-Off Research will send out an email detailing any information that is relevant including dates, share ratios etc. In addition, periodic emails containing any relevant information on past, current or future spin-offs will be sent out.