Like most would-be mining companies, Foremost Clean Energy(FMST) claims a large array of very promising prospects. A recent investor presentation touts the potentially valuable uranium and lithium deposits that the company has rights to. On January 30, 2025, this nanocap with a market cap of less than $18 million, will complete the spinoff of its gold and silver… Read More »
UPDATE(1/27/25): Apparently the “people familiar” with the situation were less familiar than they thought. Diageo denied any plan to sell Guinness. The UK distiller said it was responding to reports over Guinness and its 34% stake in Moet Hennessy, luxury-goods conglomerate LVMH’s drinks division. “We can confirm that we have no intention to sell either,” it said in a… Read More »
So my editor put the assignment on my desk- write about Aptiv(APTV)’s announcement of its plan to spin off its Electrical Distribution Systems business. It seemed boring and straightforward enough. Nothing was ringing a bell and I started to doze off at the thought of Electrical Distribution Systems. Based in SCHAFFHAUSEN, Switzerland- is that even a real place?… Read More »
In 1965, a Yale student named Fredrick Smith wrote a business plan for a term paper. Legend has it that, Smith, a friend of both John Kerry and George W. Bush at Yale, received a C on the paper. Six years later, following meritorious military service as a Marine, Smith took that business plan and, using his significant… Read More »
Dupont Spinoff. Something we have written about many times over the years. We have a good excuse. We must keep writing about them, because they keep spinning off. DuPont, officially known as DuPont de Nemours, Inc, will likely eventually spin itself into oblivion, like other reapeat spinners Tyco and Sara Lee. Ed Breen The Spinoff King If we… Read More »
Angi Spinoff From IAC IAC(IAC) had high hopes when it acquired what was then Angie’s List in 2017 and merged it with its HomeAdvisor unit. The new company, then named ANGI Homeservices, remained publicly traded under the ANGI ticker, though controlled fully by IAC. There were high hopes then, but they haven’t panned out. With the stock down… Read More »