Stock Spin-off Investing Podcast

I recently had the opportunity to speak with Andrew Walker of Rangeley Capital and Yet Another Value Blog about his Corporate Dark Arts series and his write-up on Lionsgate Studios (LION) . Here’s what we discussed: 1:25 Andrew’s background and how he got interested in stocks 9:40 Where Andrew sees himself professionally and personally in 10 years 12:35 What are Corporate Dark Arts? 19:30 Why did...

I recently had the opportunity to speak with Chris Wallerof Plural Investing and Hidden Gems Investing about two recent spin-offs: GCI Liberty (GLIBK) and SeaportEntertainment (SEG). Both situations feature strong investor alignment withwell-known investors and have recently completed rights offerings (as Joel Greenblatt famously says: buy all spin-off rights offerings! ). I really enjoyed the con...

During this episode of SSOI podcast, I spoke with DominickD'Angelo, Head of Research, of O’Keefe Stevens Advisory . Dominick shared his TopGolf Callaway (MODG) investmentcase. Here’s what we discussed: 1:55 Dom shares his background 4:35 O’Keefe Stevens Advisory’sapproach to managing client assets 6:35 How O’Keefe Stevens Advisory constructsclient portfolios 8:15 Topgolf Callaway high levelovervie...

During this episode of SSOI podcast, I spoke with Colin Kingof Circle City Capital . Colin runs Value Don’t Lie where heshares his highest conviction ideas. In this episode, Colin and I discuss NCR Atleos Corporation (NATL) , Aumovio SE (AMVO) , and Solstice (SOLS) , Here’s what we discussed: 3:00 Why Colin thinks NATL isinteresting. 6:30 Why Colin loves charts thatshow growing earnings but a flat...

On this episode of the Stock Spin-off Investing Podcast, Iinterview Dom St. George of Cayucos Capital. Dom has 15 years of experience investing in emerging markets. Today he shares his investment case on recent spin-off, Valterra Platinum. You can follow Dom on X here and subscribe to his substack here . Here's what we covered: 1:05 – Dom’s Background 2:05 – How Dom decided on the name Cayucos...

During this episode of SSOI podcast, I spoke with SimeonMcMillan of Accrued Interest . Simeon is a Columbia Value Investing program trained special sits investor with a background in media operations. In other words, he is theperfect person to talk to about media spin-offs! Here’s what we discussed: 2:00 – Simeon’s background and whyhe started Accrued Interest 4:35 – Simeon’s experience in Columbi...

In the episode, I cover my "Dividend as a Catalyst" playbook. I review two case studies and then discuss two live ideas. Here's what I cover: 1:15 - What is the "Dividend as a Catalyst" Playbook 2:30 - Case Study #1 : Kontoor Brands (KTB) 6:20 - Case Study #2: Jackson Financial (JXN) 9:45 - Current Example #1: Sunrise Communications (SNRE) 13:36 - Current Example #2: Havas...

During the episode, we welcome back Colin King of CircleCity Capital. Instead of just diving deep into one spin-off situation, Colin and I share which ideas look particularly interesting today. 1:20 – Rich explains why IAC Inc (IAC) is particularlyinteresting today. 3:35 – IAC’s imminent spin-off of ANGI 6:10 – Colin shares his perspective on IAC and ANGI 9:25 – IAC is finally buying back stock 11...

During the episode, Kris shares his background and then dives deeply into Amentum (AMTM) and Magnera (MAGN) . We then cover questions about Millrose (MLP) ,  Net Lease Office Properties (NLOP) and others. 1:00 – Kris shares his background and experience buying andselling a small business 2:15 – Finance and entrepreneurship runs in Kris’ family 5:10 – How Kris evaluates a spin-off 9:00 – Why spin-o...

In this episode, I talk with Peter Smith of Palm Harbour Capital. Peter shares his background and then dives deeply into InternationalGaming Technologies (ITG). In a nutshell, IGT is interesting because it has agreed to sell its Gaming & Digital business to Apollo. IGT will receive ~$3.6BN of net proceeds, when the transaction closes and the Remaining Lottery business is trading at 5x EBITDA o...

In this episode, I talk with Christian Ryther of Curreen Capital. Christian starts off by sharing his experience at Columbia Business School in the Value Investing program, and also how he managed to finish second in a 100 mile race. During the podcast episode, we discuss several spin-offs: Solventum (SOLV), Enhabit (EHAB), Millrose (MRP), Havas (HAVAS), and Pluxee (PLX). 1:35 – Christian’s backgr...

In this episode, Rich Howe interviews Ameya of Multiples Capital. We discuss Multiples Capital's founding story and why MGM and GTX are two of Ameya's favorite stocks today. What we covered: 1:15 – Ameya’s background 3:15 – Using Jeff Bezos’ regret minimization framework 4:15 – The formation of Multiples Capital 4:35 – When Ameya immigrated to the United States 5:00 – Multiples Capital performance...

In this episode, Rich Howe interviews Colin King of Circle City Capital. We discuss how Colin built his $28MM holding company, lessons learned from investing in spin-offs for over a decade and what he thinks of recent spin-off, Magnera (MAGN). 1:01 – Colin’s background 3:25 – Colin discusses quitting his job to found Circle City Capital Group 4:27 – How Colin splits his time between public and pri...

In this episode, Rich Howe interviews Derek Pilecki of Gator Capital. We discuss how Derek approaches spin-offs in the financial sector. He shares lessons learned from Jackson Financial (JXN), BBX Capital (BBXIA), Virtis Investment Partners (VRTS), and Voya Financial (VOYA). 0:54 – How Derek founded Gator Capital 4:40 – Gator Capital current AUM 5:40 – What it was like to start a financials focuse...

In the first Stock Spin-off Investing Podcast episode ever, Asif Suria and I talk about Lions Gate Entertainment and Western Digital. Here's what we cover: 1:18 Asif’s background 5:07: How do you think about spin-offs? 7:57: Discussion of GE / GEV? 9:51: Why are Lions Gate Entertainment (LFGA/LGFB) and Lionsgate Studios (LION) interesting today? 17:18: Insider buying at Lions Gate? 21:46: How conf...

In this episode, Rich Howe interviews David Bastian of Kingdom Capital. We discuss recent spin-offs, Net Lease Office Properties (NLOP), Curbline Properties (CURB), and Magnera Corporation (MAGN).