Research
*Research published here is selective and posted 7 days or more after distribution to clientsSpinoff Performance Update – December 31, 2010
January 5th, 2011
For our 37 month Spinoff research track record. Click here: TSR Performance Dec 31, 2011
3 Year Recommendation Performance – November 30, 2010
December 10th, 2010 For our 36 month track record. Click here: TSR Performance Nov 30, 2010
McDermott Spins Off Valuable Government & Power Arm: BWC
November 1st, 2010
August 2010: McDermott (MDR) – Visible Upside for Both Companies Created. The Spinoff of the Power Generation and Government Operations segments (Babcock & Wilcox / BWC) from McDermott (MDR) on August 2nd, 2010, leaves MDR (ex Spinoff) as a pure‐play offshore Oil & Gas (O&G) construction company giving investors an option to take exposure in two different end markets.
Full Analysis – Click here to see Pg1 of 46
STR / QEP: Positive Growth Outlook for Separate Entities
September 20th, 2010
July 2010: We believe that the separation of Questar’s (STR) regulated gas head to home business and QEP’s commodity price‐sensitive E&P business allows investors to choose their target investments, implying an upside for both the businesses. Questar is replaced by its Spinoff QEP in the S&P500, while Questar (post‐Spinoff) moves from the S&P500 to S&P400 Midcap index.
We expect short‐term selling to be absorbed without any significant impact on stock prices… Full Analysis – Click here to see Pg1 of 52
TSR Model Portfolio – Performance Update – August 31, 2010
September 10th, 2010 For the latest performance update of our model portfolio measuring our high conviction research calls, click here: TSR Performance – Aug 31 2010
