VERY NICE PROFITS ON GE HEALTHCARE SPINOFF
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
GE Healthcare stock (GEHC) was bought at an average price of $56.30 not that long ago. It is trading at $77.24 as of this writing. There are nice profits in a short time.
Spinoffs Are Often Profitable
Spinoffs from large corporations are often profitable. Here are the reasons why spinoffs are often profitable:
- Top management gets totally focused on the unit that is spun off.
- The unit that gets spun off often gets more market opportunities as some companies who might not have done business with this unit previously due to conflicts with the prior parent corporation now become clients.
March 17, 2023