Tyco International Ltd. (NYSE:TYC) is one of those strange spin-off and restructuring stocks that has not done well since the company broke itself up. The Tyco Electronics (NYSE:TEL) and Covidien (NYSE:COV) stocks have also fallen more than the overall market since the spin-off. But not all bad stories have sad endings. We will be sending out a tie to one of the new companies next week to subscribers of our Special Situation Investing Newsletter.
Before the Tyco (NYSE:TYC) break-up we had many inquiries for higher and higher price targets on Tyco, but the fundamental problem was that no matter how we crunched those numbers the math just didn’t work for Tyco’s stock price at the time. We even called it a ‘phantom premium running Tyco shares’ ahead of the event because investors were too much in love with the private equity, mergers, and break-ups at the time. That stock had a phenomenal run from last summer to this summer as the deal was quite well telegraphed, but nonetheless there existed a phantom premium.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
