As Joel Greenblatt elaborated on in his book, You Can Be a Stock Market Genius, corporate spin-offs are a great place to look for bargains, due to forced and indiscriminate selling of the unwanted spin-off. News Corp (NWSA) was recently spun off from its "parent" company, 21st Century Fox (FOXA) and, in my opinion, has experienced institutional selling pressure due to most professional investors preferring the more exciting and higher growth Motion Picture company over the ugly step sister: Newspaper and Book Publishing.
However, NWSA's international assets are what constitute most of the enterprise's value, a value which I place as high as $25 per share (58% upside from current stock price). These underappreciated assets...
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