Screening for Spin-offs

Research
1

All,

I’ve been playing with the corporate actions factors. For example, the rule:
PastCorpAct ( #SPINOFF , #STATUSOK , 60 ) = true

will screen those parent companies who recently successfully spun out new companies in the last 60 days.

However, is there a way to screen for the new spin-off itself?

For example, the rule above shows that VGR had a recent spin-off. If you look it up, you’ll find that the new company is DOUG. However is there a way to screen for the new companies that have recently been spun-off, like DOUG?

Any help is much appreciated.

Thanks,
Ryan

2

No, I’m afraid we don’t have any way to screen for those.

You can get lists of those elsewhere, though. See http://thezenofinvesting.com/recent-spinoffs/ for instance.

3

OK Yuval, thanks for confirming. It’s not so much the current spin-offs, but historically to test in strategies. No matter, was worth a shot.

Cheers,
Ryan

4

Ryan, did you ever find a way to do this?