Event-Driven Stocks

Spin-offSpun off from NTELOS

The two companies

Parent
NTELOS
↓ spun off ↓

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
Telephone Communications (No Radiotelephone)
Exchange
State of incorporation
DE
Record date
October 24, 2011
Distribution date
June 30, 2011
Ratio
1:1
Parent sector
Form
10-12B/A
Filed
October 17, 2011

Financials — parent vs spin-off

SEC XBRL · latest year
NTELOS

No XBRL financials available.

Lumos Networks Corp.FY16
Revenue
$207M
Operating income
$30M
Net income
−$523,000
Total assets
$753M
Equity
$135M

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 1/5 favorable · factors, not advice
  • Return on capital employed4.2%

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

  • Operating margin14%

    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-off14.9 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.