They have the best of breed kinds of companies in two really good industries. They have a natural gas pipeline company. In addition, a fiber optic network which will be 33,000 miles. Each have the wind at their back and we think the combined businesses conservatively are worth 60. Right now the stock trades for around 45. The company just announced a way to unlock that value with a spin-off of their Williams Communications Group. So we think it's just a matter of time before that stock reaches 60.
Quotes about spin-off (13 Quotes)
Yes, we were looking for a Faith spin-off, but then Faith backed down. Eliza got a really wonderful offer over on Fox in a show, and, for reasons I didn't talk to her about, she decided to go there, and everyone respects that.
It's difficult to overstate the impact this has had on the community. We've taken on tons of projects in downtown that might not have been done otherwise. It's created a big spin-off of retail activities.
I think people are going to like my new shoes. I like them. I had a lot of success with the one last year, but this year's shoe is going to be a little different, but at the same time it's going to be a little spin-off on last year's shoe.
It appears that Clear Channel has created value with the spin-off.
I think they definitely would like to sell Eckerd at some point. I don't see where a spin-off does much for them. What they need is cash to accelerate the turnaround in its core business.
We're very glad to have a partner like EPRI move into our back yard. EPRI jobs are very good jobs, and this may lead to other spin-off job opportunities.
Though we were originally planning to set up a spin-off company to exploit the project results, we're now looking to collaborate with other firms to introduce our technology into existing products and others that are still in development.
SALT was an initiative of South African astronomers that won support from the South African government, not simply because it was a leap forward in astronomical technology, but because of the host of spin-off benefits it could bring to the country.
Station ownership rules could constrain certain buyers like CBS and NWS, which own a large number of TV stations. However, we believe it's possible that UVN could spin-off or sell the TV station business separately from the networks or the conglomerates.
The notoriety of that type of company and the spin-off potential of the businesses that follow them is a great thing.
The changes we made last year, especially our restaurant spin-off, are allowing us to post good earnings per share growth at the same time as we invest aggressively to build our businesses for the future,
It's not always a good thing for Australian stocks when commodities prices go up. I look at the U.S. picture first when I make decisions because the market is so huge and has a global spin-off on stocks.