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Pastor Phil

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Pastor Phil

Re: srloan post# 62966

Sunday, 04/06/2008 5:42:04 PM

Sunday, April 06, 2008 5:42:04 PM

Post# of 76909
.<font color=red>Spin Off READ ON...
What does it Mean? The creation of an independent company through the sale or distribution of new shares of an existing business/division of a parent company. A spinoff is a type of divestiture.

Investopedia Says... Businesses wishing to 'streamline' their operations often sell less productive, or unrelated subsidiary businesses as spinoffs. The spun-off companies are expected to be worth more as independent entities than as parts of a larger business.

http://www.investopedia.com/terms/s/spinoff.asp




Don't take my advice, I'm just a poor Pastor with a Zecco account

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