How a Spinoff Will Boost Fortune Brands—and Make the Stock a Buy Now [Barron's]
Fortune Brands Home & Security, Inc. (FBHS)
Last fortune brands home & security, inc. earnings: 4/30 04:05 pm
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Source: Barrons
Fortune Brands Home & Security is a leader in home remodeling, selling everything from cabinets to storm doors and plumbing. Now, it’s remodeling itself by spinning off its largest division into a stand-alone company that could draw in new investors and make the stock sparkle. Fortune (ticker: FBHS) is no stranger to spinoffs. The company was born from a spinoff a little over a decade ago, when it was part of a conglomerate that also sold Jim Beam liquors and Titleist golf balls. That spin was extremely successful, as Fortune...
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