Corporate Spin-Offs attractive for investors, we hear from Joseph W. Cornell, CFA. In the first seven months of 2012, an index of companies spun off over the past three years had returns nearly double those of the S&P 500. His favorites: Alexander & Baldwin (ALEX) has separated its attractive real estate and agriculture unit from its ocean transport and logistics unit...Post Holdings, Inc. (POST) was spun off from food conglomerate Ralcorp Holdings, Inc.
Joseph W. Cornell, CFA, is principal of Spin-Off Advisors, an independent equity research firm, Chicago, and author of Spin-Off to Pay-Off (McGraw-Hill). www.spinoffresearch.com
Bottom Line, on the news (Sept. 15, 2012 Issue)