This Spin-off ETF mimics the Beacon Spin-off Index, which tracks companies spun off from a parent company within the past 30 months; the ETF has trounced the S&P 500 since its inception in May 2006, observes Nicholas Vardy in the Alpha Investor Letter.
A spin-off can be the distribution of stock of a subsidiary company by its parent-to-parent company's shareholders. It can be also an equity carve-out, or partial initial public offering in which a parent company sells a percentage of the equity of a subsidiary to public shareholders.
The objective of a spin-off is to unlock hidden value. Indeed, research confirms that spin-offs generally outperform their parents and are profitable, both in terms of operating cash flow, and outside investor returns.
The performance of the Guggenheim Spin-Off ETF (CSD) may also be boosted by another unrelated, but equally powerful, concept—the small-cap effect.
Top Value Stocks To Watch For 2014: Chyron Corporation(CHYR)
Chyron Corporation supplies graphics hardware, software, and workflow solutions for multimedia outlets; government agencies; telecommunications and corporate customers; and educational, health, and religious institutions. It offers AXIS Graphics online content creation software, HD/SD switchable on-air graphics systems, clip servers, channel branding and telestration systems, graphic asset management and XMP integration solutions, and the WAPSTR mobile phone newsgathering application. The company?s graphics products provide broadcast-quality, real-time, HD/SD, 2D/3D, graphics creation and playout for television stations, networks, video production, and post-production markets. Its hardware products include Graphics System/CG Family for television graphics applications; Channel Box systems for branding applications; XClyps/XClyps SAN/MicroClyps for control over graphics playout; CodiStrator HD/SD Telestration Systems that enable commentators to illustrate in real time over live video; and platforms and board sets for third-party developers. The company also provides AXIS Graphics suite of Web-based services and applications; and AXIS order management systems. In addition, it offers Software Products, such as Lyric, an advanced graphics creation and playback application; the Lyric Enhancement Interface Framework, an application programming interface for developing custom programs; and Chyron Application Library, an API that can be used to real time broadcast graphics applications. Further, it provides newsroom integration and asset management products comprising Chyron Asset Management InterOperability; iRB, an intelligent rundown builder; iSQ, an intelligent sequencer; and mobile suite, as well as graphic design, technical, and support and training services. Chyron Corporation was formerly known as The Computer Exchange, Inc. and changed its name to Chyron Corporation in November 1975. The company was founded in 1966 and is headquartered in M elville, New York.
Top Value Stocks To Watch For 2014: American Science and Engineering Inc.(ASEI)
American Science and Engineering, Inc., together with its subsidiaries, develops, manufactures, markets, and sells X-ray inspection and other detection products for detection and security screening solutions in the United States and internationally. It offers cargo inspection systems comprising non-intrusive inspection products, which are primarily used for the screening of trucks, cars, cargo containers, pallets, and air cargo at border crossings, seaports, military bases, airports, and cargo and transportation hubs. The cargo inspection systems include OmniView gantry system, a cargo and vehicle inspection system; Z Portal system, a drive-through inspection system for scanning cargo and vehicles; Z Gantry system, a Z Backscatter inspection system for scanning cars, vans, trucks, and their cargo; Sentry Portal system, a drive through transmission X-ray inspection system; and MobileSearch High-Energy, a mobile inspection system for scanning trucks, cargo containers, and ve hicles. The company also provides Z Backscatter systems, including Z Backscatter Van, a mobile X-ray screening system to produce photo-like images of plastic explosives or other anomalies; and ZBV Military Trailer, a rugged X-ray screening system built on military trailer. In addition, it offers parcel and personnel screening inspection system that comprises Gemini system, a parcel and baggage inspection system; and SmartCheck system, a personnel screening system for screening threats hidden under a person?s clothing. Further, the company provides contract research and development programs for agencies of the United States government; and maintenance, warranty, engineering, and training services. It serves authorities responsible for port and border security, customs agencies, military organizations, high threat commercial and government facilities, aviation security agencies, and law enforcement agencies. The company was founded in 1958 and is headquartered in Billerica, M assachusetts.
Best Stocks To Invest In 2014: B Communications Ltd. (BCOM)
B Communications Ltd. provides various communications services in Israel. The company offers a range of telecommunications services, including local fixed-line, cellular, Internet, international communication, multi-channel television, satellite broadcasting, and customer call center. It also engages in the development and maintenance of communications infrastructures; provision of communications services to other communications providers, television, and radio broadcasts; and supply and maintenance of equipment on customer premises, such as network endpoint services. The company was formerly known as 012 Smile.Communications Ltd. and changed its name to B Communications Ltd. in March 2010. The company was founded in 1999 and is headquartered in Ramat Gan, Israel. As of June 30, 2010, B Communications Ltd. operates as a subsidiary of Internet Gold-Golden Lines Ltd.
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