Event-Driven Stocks

Spin-offSpun off from FNF

The two companies

Parent
FNF
↓ 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
Consumer Discretionary
Industry
Retail-Eating Places
Exchange
State of incorporation
TN
Record date
September 22, 2015
Distribution date
September 28, 2015
Ratio
0.17229:1
Parent sector
Form
10-12B/A
Filed
September 9, 2015

Financials — parent vs spin-off

SEC XBRL · latest year
FNF

No XBRL financials available.

J. Alexander's Holdings, Inc.FY21
Revenue
$183M
Operating income
−$30M
Net income
−$22M
Total assets
$237M
Equity
$109M

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 1/6 favorable · factors, not advice
  • Leverage (liabilities/assets)54%

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

  • Return on capital employed-14.2%

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

  • Operating margin-16.4%

    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)9 open-market buys

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

  • Time since spin-off10.7 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.