I tried to go to ny times, and they wanted all my info, so I did not read the article. You want to post a summary? I bought 50 more shares today at $95. What makes this noteworthy is it is the 3rd time I bought the stock. First time made good money and sold (too soon) second time I bought alot (for me) at $50 or so. Now I bought a little more, because I still think it is severely undervalued, and it is growing faster than it's pe..
MARKET PLACE Spinoff of Janus May Be Held Down by the Companies It Keeps By DANNY HAKIM hat is Janus Capital worth?
Janus, the nation's hottest seller of mutual funds, will be officially spun off today from its parent, the railway operator Kansas City Southern Industries.
For over a year, Janus executives and some of its top fund managers have openly denounced the transaction because the fund company is being packaged with Kansas City Southern's three other, far smaller financial holdings under the name Stilwell Financial. The executives argue that their company would be assessed a greater value in the market if it traded on its own.
Recent acquisitions, spurred in part by a growing appetite for globalization, have put lofty prices on some asset managers, far more than that put on the Stilwell offering.
"I think investors will continue to push management to unlock the value of Janus," said Henry McVey, an analyst at Morgan Stanley Dean Witter.