Read an interesting book, but the title is overstated. The book is "You can be a Stock Market Genius" by Joel Goldblatt. He states that he has made a lot of money buying spinoffs and holding them for 3 years. I have held ABT for years, so I bought some more ABBV on 1/2/2013 with the intention of holding it for 3 years. This is my second attempt at this method and the first attempt has given me a 31% profit in 6 months. But in both cases, they are industries that I know and I spent a lot of time reading the form 10 about the spinoff. I definitely recommend the book and recommend that that you only invest in what you know and that you spent a lot of time reading the form 10 about the spinoff.
thanks for the book tip. its Joel Greenblatt by the way. picked it up at the library and its a good read. i noticed spinoffs have been doing quite well this last year and it seems to be a newer trend to unlock value.