On January 24, 2018, I will hold the annual conference for the members of “Yinon Portfolio” – the Hebrew version of the LongRunPlan portfolio. In my lecture, I will summarize the past year and try…
At the end of December 2016, Diversified Restaurant Holdings (SAUC) completed the separation of Bagger’s Dave’s Burger Tavern (BDVB) through a spin-off. Bagger Dave is a small fast-food chain with 15 branches in Michigan, Indiana,…
CarGurus operates a popular online platform to connect sellers and buyers of new and used cars. Its revenues grew by 100% in 2016 and 70% in the first half of 2017. Growth was supported by…
It’s hard to understand the logic of combining a coal mining company with an electric household appliance company, and that’s probably why NACCO Industries (NC) has recently separated Hamilton Beach Holdings (HBB) through a spin-off….
The stock market continues to climb and break records. Since the beginning of the year, US indices have already yielded double-digit returns (my spin-off portfolio in this site is already up 21.5% YTD). Even the…
Summary JBG Smith is a $4.8 Billion spin-off of Vornado Realty Trust Washington, DC properties that merged with JBG Companies assets. It has a rich portfolio of offices, residential and commercial buildings with more than…
Benjamin Graham, who is considered to be the father of value investing, never pretended to help investors get rich. His main aim was to help them achieve reasonable returns on their investments. In practice, some…
This is already a regular ritual – BNED publishes reasonable annual (or quarterly) results, but the stock actually crashes 11% two days in a row. What’s interesting is that yesterday the stock opened up more…
In 2008 Mohnish Pabrai and Guy Spier paid $650,100 to eat lunch with Warren Buffet and Charlie Munger, where among other things Charlie recommended that they should “carefully study spinoffs”. He knows what he is…
Dear Subscribers, The SpinOff list has been in beta for quite some time now, during this period we provided all of our Free Update members access to the portfolio, free of charge. We hope you…