What Did You Buy Today?

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(06-03-2021, 02:35 PM)DividendGarden Wrote:

(06-03-2021, 02:30 PM)Otter Wrote: Now have some OGN thanks to the MRK spinoff. Wonder if it will perform as poorly as VTRS (the PFE spinoff).

OGN is forecasting declining revenues, so I sold my OGN.

Maybe they’ll merge with VTRS and create an even larger generic pharmaceutical company with terrible earnings. 

KTB (VFC spinoff) has been one of my few pleasant surprises for spinoffs.

I usually just hold whatever gets spun, unless it is a situation like T where the forecast is for an overall, substantial dividend cut.
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I think YUM was the only spin I considered successful in my port.  (PEP spinoff).  We have some more of this coming as blue chip growth eventually slows and they try to keep the party going.  I could be wrong but I think Phillip Morris is probably the champion for spinning off companies that turn out to be good eventually.  

I was all ready to keep my OGN.  I think I will at least keep it around a minute until I get more facts.  It can't be much weaker than MRK has been.  I can't even rid myself of MRK selling covered calls and I've sure tried.