Vapor Group Inc (VPOR)

[CashBowski]

You nailed the reason squarely on the head as to why companies choose to do a spin-off.

If one of the subsidiaries is heading in a completely different direction with widely different product lines and different strategic priorities, then allowing this portion to operate independently can unlock value... Each segment can now operate independently to allow executives of each to focus on their core business instead of a broad spectrum.

It also allows investors like yourself that are more interested in one segment over the others to buy shares in a more specific type of business that fits their investment objectives.

Market consensus points to value with spin-offs, and are widely viewed as a positive attribute.