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 »
Happy New Year to all of our readers! 2018 is now officially history and it will be remembered as a year of increased volatility that ultimately left some portfolios quite damaged. That includes Mohnish Pabrai’s Spinoff Portfolio and its (backtested) historically S&P crushing results. Pabrai is a legendary fund manager and author of The Dhando Investor. In one of… Read More »
Delphi Automotive’s (DLPH) board of directors formally approved the spinoff of its powertrain business earlier this month and set today, December 4th as the distribution date. Shareholders as of November 22nd will receive 1 share of the new Delphi Technologies for every 3 shares of Delphi Automotive currently owned. Immediately after the spin, the parent company will rename… Read More »