Event-Driven Stocks

Spin-offSpun off from Group

The two companies

Parent
Group
↓ 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
Other
Industry
Exchange
State of incorporation
Record date
Distribution date
Ratio
Parent sector
Form
10-12B
Filed
April 20, 1999

Financials — parent vs spin-off

SEC XBRL · latest year
Group

No XBRL financials available.

JEF HOLDING CO INCFY21
Revenue
$5.28B
Operating income
Net income
$1.62B
Total assets
$54.77B
Equity

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 1/4 favorable · factors, not advice
  • Leverage (liabilities/assets)87%

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

  • Tax-basis reportNone found

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

  • Insider buying (post-spin)2 open-market buys

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

  • Time since spin-off27.1 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.

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.