Divide and Conquer: 3 Stock Spinoffs Set to Trounce the Market

Too often spinoff stocks don't perform well out of the gate. Because an investor bought the business of the parent company, he doesn't care too much about whatever side project is being shed. When the spinoff stock shows up in his account, he sells it and banks the "free" cash. However, investing legend Joel Greenblatt says spinoffs are actually a great buying opportunity. In his classic investing book, "You Can Be a Stock Market Genius," Greenblatt says because the discarded unit was never able to be prope ...