Pick Your Moment And Catch A Rising Spin OffToddi Gutner
CompuServe, Lucent Technologies, 360 Degrees Communications, Payless ShoeSource: Not long ago, they were all attached to huge corporations. But today, they are stand-alone companies, the products of a recent spate of spin-offs that shows no sign of slackening. Some $70 billion in spin-off deals are expected to be completed this year, up from $48 billion in 1995 and $27 billion in 1994, according to J. Randall Woolridge, a finance professor at the Smeal College of Business Administration at Pennsylvania State University and co-author of recent studies on spin-off investing.
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