If the U.S. parent sells stock in a non-Chinese holding company that owns the Chinese company, generally the gain should not be subject to Chinese taxation.
Since most spin-ins are paid for with the parent's stock, it's a good idea to short shares in the parent at the same time you buy shares in the sub.
Usually the act of spinning off a division to shareholders boosts both the parent and spinco stock prices.
Since then, despite strong demand for lumber from the U.S. construction industry, Timber Group shares are off 3% --even as the parent's stock climbed 37% .
Nasdaq has delisted the parent company's stock, and its bank could, at any time, force the company into default.
The stock of the parent company, the Great Atlantic and Pacific Tea Co.
NYSE, parent of the New York Stock Exchange, has proposed to merge with Euronext, while Nasdaq has taken a substantial stake in the London Stock Exchange , with an eye to acquiring more.
It might actually be money that a close relative, such as a parent, has invested in the stock market.
Now she and her founders own stock at the acquiring parent company.
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The proposed merger of the New York Stock Exchange's parent company and Euronext NV to create an international trading powerhouse is drawing a lot of attention lately.
Some of the pessimism is based on worries about pressure on the stock as its former parent company, Altria Group, continues to unload its remaining 87.6% interest in Kraft.
Sinopec rose 1.1% to CNY7.66 and Shenhua advanced 0.8% to CNY27.10, likely helped by the stock purchase programs conducted by their parent companies, said analysts.
The stock's liquidity should increase when parent Telecom Italia merges Tele Nordeste later this year with Tele Celular Sul, an operator it owns in southern Brazil.
Kacperczyk pointed to Altria Group (formerly Philip Morris), the corporate parent of Marlboro, as an example of a sin stock beating the market.
He favours a partial stock market flotation of KBR as a way for its parent to cut debt and return to financial health.
Remember, Altria (parent of Philip Morris USA) had a lot of great years as a stock even after the tobacco litigation.
Numerous lawsuits were filed against Mr. Abelson, Barron's and its parent company, Dow Jones, most by executives and companies who felt their stock price had suffered by unfair revelations in Mr. Abelson's column.
Mr. Madoff's many honorable and accomplished clients chose to deal with their man outside the institutional checks that come from, say, a heavily regulated bank or a highly transparent mutual fund, perhaps one whose parent is also publicly traded and doubly subject to the checks of a watchful stock market.
In January AOL Brazil's parent, AOL Latin America, announced it would fuel its expansion with a public stock offering.
But minority shareholders in NEC Electronics did not seem to have anticipated this kind of activity, and they earned post-listing returns that were well below those of the aggregate stock market, and well below the returns earned by shareholders of the parent company.
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Why not take a poll and use the cash to buy the most undervalued stock (that shareholders agree on) in the market instead of assuming that the parent company is the best buy?
Morgan analyst Paul Coster this morning chopped his rating on the stock to Underweight from Neutral, asserting that consensus EPS estimates for 2011 are too high for the parent of the Redbox video rental kiosk chain.
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If you do want to try your luck with tracking stock, you should know you can get it in different ways at different times: either as a parent company investor or an outsider.
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