Event-Driven Stocks

Point.360

Completed

Formerly New 360

Spin-offSpun off from Point.360

The two companies

Parent
Services-Allied To Motion Picture Production
↓ spun off ↓
Spin-off
Communication Services

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Communication Services
Industry
Services-Allied To Motion Picture Production
Exchange
State of incorporation
CA
Record date
Distribution date
Ratio
1:1
Parent sector
Services-Allied To Motion Picture Production
Form
10-12B/A
Filed
June 22, 2007

Financials — parent vs spin-off

SEC XBRL · latest year
Point.360

No XBRL financials available.

Point.360FY16
Revenue
$38M
Operating income
−$9M
Net income
−$2M
Total assets
$21M
Equity
$4M

Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.

Spin-off signals

score 0/7 favorable · factors, not advice
  • Focus-increasingNo — both Communication Services

    Spin-offs into a different sector than the parent (pure-plays) have historically outperformed diversifying ones.

  • Leverage (liabilities/assets)78%

    A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.

  • Return on capital employed-75.3%

    EBIT ÷ capital employed — the quality metric the spin-off scorecard research weighs most.

  • Operating margin-23.7%

    Profitability of the standalone business, from its own SEC filings.

  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)None recorded

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off18.9 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.