Donation link for this show: https://paypal.me/valueinvesting
Joel Greenblatt's book (You Can Be a Stock Market GENIUS): https://amzn.to/2vjCwfX
In the book, Joel Greenblatt provided the following four tips via a spinoff case study (Strattec Security) on how to identify good spinoff opportunities.
Check if the spin-off is small in size for institutional investors
Check insider ownership
Check pro forma statements and derive an intrinsic value conservatively
Look for hidden information that could dramatically change the intrinsic value