FNF, Full Analysis, Spinoff of BKFS, Removal of Tracking Stock Status
- Title Insurance Giant, FNF, to Spinoff Its BKFS Shares / Initiate a Small Position in FNF (Pre-Spin) at Current Levels & Take Full Position at $43
- It All Begins with the Removal of the Tracking Stock Status / FNF & BKFS Sees Potential Index Inclusions
- Spinoff Can Lead to a Reduction in Leverage and Position FNF as a Pure-Play Title Insurance Player
- BKFS: Limited Upside / Margin Expansion Longer-Term
- Significant Cash Balance on FNFV's Balance Sheet May be Routed for Organic/Inorganic Growth
- Upside (FNF): +13% Pre-Spin & +18% Post-Spin (Base Case)
- Spinoff Expected by Q3 2017
- FNF Enters the ESR Model Portfolio with a 5% Weighting at the end of Today's (July 13) VWAP
Fidelity National Financial is a provider of title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products and transaction services to the real estate and mortgage industries. The company has two segments: Title, which consists of the operations of the company's title insurance underwriters and related businesses which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products; and Corporate and Other, which includes the operations of the parent holding company, and the company's real estate technology subsidiaries.
The Edge Group - Global Fundamental Catalyst Investing. The Edge provides investors with access to hidden corporate value from Global Special Situations using a pioneering approach to investments. Founded in 2005 by fund management and investment banking professionals to provide high quality, private equity-level research on Global Corporate Divestitures for the benefit of fundamental event-driven, growth and value-oriented investors in this difficult to track, but proven investment space.
The Edge will look to screen and analyze include Spinoffs; Reverse Morris Trusts; Squeeze Outs; Privatizations; Demutualization; Deep Discounted; Rights Issues; Rights Offering; Restructuring; Insider Purchases / Buying Change of Management / CEO Change; Deteriorating fundamentals; Post-Bankruptcy; Reorganization; Tender Offer; M&A Deals; Secondary Offering; Share Swap; Thrift Conversions; Share Buybacks; Activist; Mergers. All analyzed from a fundamental point of view.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.