Event-Driven Stocks

Spin-off

Sector
Other
Industry
Exchange
State of incorporation
Record date
Distribution date
Ratio
Parent sector
Form
10-12B
Filed
June 20, 2000

Financials — parent vs spin-off

SEC XBRL · latest year
Parent

No XBRL financials available.

LUCENT EN CORPFY15
Revenue
$995M
Operating income
$83M
Net income
−$22M
Total assets
$6.86B
Equity
−$3.38B

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 employed1.6%

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

  • Operating margin8.3%

    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)1 open-market buy

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

  • Time since spin-off25.9 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.