Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul><li>On a sum-of-the-parts basis, LION and STRZ are worth significantly more than is reflected in LGF.A’s stock price.</li><li>At the close today, investors could buy 1 share of Lionsgate Entertainment (LGF.A) for $8.90. On May 6, that investor will receive 1.12 shares of LION and 1.12 shares of STRZ.</li><li>I estimate LION is worth $11 and STRZ is worth $1.71. As such, it looks like there is ~60% upside</li></ul>

On a sum-of-the-parts basis, LION and STRZ are worth significantly more than is reflected in LGF.A’s stock price.At the close today, investors could buy 1 share of Lionsgate Entertainment (LGF.A) for $8.90. On May 6, that investor will receive 1.12 shares of LION and 1.12 shares of STRZ.I estimate LION is worth $11 and STRZ is worth $1.71. As such, it looks like there is ~60% upside

Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul>
<li>Disney is scheduled to release its Q2 2023 results later this week.</li>
<li>A number of factors are pointing to a strong and a better than expected quarter, but long-term problems remain.</li>
<li>The macroeconomic environment is also supportive for Disney's Parks, Experiences and Products segment.</li>
</ul>


Disney is scheduled to release its Q2 2023 results later this week.
A number of factors are pointing to a strong and a better than expected quarter, but long-term problems remain.
The macroeconomic environment is also supportive for Disney's Parks, Experiences and Products segment.


Disney's Q2 2023 Earnings: Now Is The Time To Deliver

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

Apollo Global Management  / Index Rebalance

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>In this insight, we take a look at the upcoming constituent changes in the run up to the December 2024 index rebal event.</li>
<li>We expect two regular changes in December 2024. There are also several live spin-off and M&amp;A events which could trigger intra-review index changes in the late-2024/early-2025.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
In this insight, we take a look at the upcoming constituent changes in the run up to the December 2024 index rebal event.
We expect two regular changes in December 2024. There are also several live spin-off and M&amp;A events which could trigger intra-review index changes in the late-2024/early-2025.


Quiddity Leaderboard S&P 500 Dec 24 Rebal: APO, CRH, WDAY, TPL

Quiddity Leaderboard S&P 500 Dec 24: Two ADDs (One Biggie), Two DELs, Possible Big Intrareview Moves

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>The rankings used for the September 2024 index rebal event will be based on yesterday's (4th September 2024) opening prices.</li>
<li>In this insight, we take a final look at the potential ADDs and DELs leading the rankings for the upcoming review.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
The rankings used for the September 2024 index rebal event will be based on yesterday's (4th September 2024) opening prices.
In this insight, we take a final look at the potential ADDs and DELs leading the rankings for the upcoming review.


Quiddity Leaderboard S&P 500 Sep 24 Rebal (Final): 2 Changes Possible

United States

Paramount Global operates as a media company. The Company produces and distributes entertainment content through studios, networks, streaming services, live events, and merchandise. Paramount Global serves customers worldwide.

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Paramount Global (PARA US)

[Alert] Buy Lionsgate Entertainment

On a sum-of-the-parts basis, LION and STRZ are worth significantly more than is reflected in LGF.A’s stock price. At the close today, investors...

Richard Howe

Disney's Q2 2023 Earnings: Now Is The Time To Deliver

Disney is scheduled to release its Q2 2023 results later this week. A number of factors are pointing to a strong and a better than expected...

Vladimir Dimitrov, CFA

Quiddity Leaderboard S&P 500 Dec 24 Rebal: APO, CRH, WDAY, TPL

The S&P500 rebalance in December is shaping up to be a trade worth $8-13bn a side but there is a possible intra-review change to come as well....

Travis Lundy

Quiddity Leaderboard S&P 500 Dec 24: Two ADDs (One Biggie), Two DELs, Possible Big Intrareview Moves

There are currently two expected ADDs and two expected DELs for the SP500 Dec24 Rebalance. There could be more from spinoffs and mergers. One big...

Travis Lundy

Quiddity Leaderboard S&P 500 Sep 24 Rebal (Final): 2 Changes Possible

The SP500 Rebalance for Sep 2024 is based off the Wednesday open and should be announced on 6 Sep 2024. We see two possible ADDs vs DELETEs but the...

Travis Lundy

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